April 20, 2024

By 2030, 3-5 countries will replace fiat with CBDC

By 2030, three to five countries will completely replace their currency with digital currency from the central bank, this is the conclusion made in the reportthe German financial analytics center.

The document also contains a warning that if the European Central Bank does not accelerate its efforts to develop the CBDC, it will digitally inform and inform about

European Analytical Center,specializing on research in the field of financial technology and blockchain technology, dGen has published research on the potential impact of CBDC. Having studied the history of the currently used fiat currencies, and specifically the US dollar, the Euro and the Chinese yuan, the company has emphasized that the following is a very good idea.

Not a specific country, researcherThey predict that within ten years, at least three countries will completely replace their currencies with CBDC. At the same time, dGen has identified several countries that are actively promoting the release of digital currency.

In this process, China is one of the leaders, soas the most dense country of the world, is approaching to start up its DPEC (digital currency) and is already eating it in different spheres - traffic, food, canister, food

The Swedish CBDC is also close to release, sinceThe European country initiated a test of the digital crown at the beginning of 2020. By 2025, the country plans to give up cash, and the electronic crown will help in achieving this goal.

The German Analytical Center believes that the Eurozone is out of reach of other regions. This opinion was recently confirmed by the President of the European Central Bank, Christian Lagard.

In her speech, she declared that CBDC can work in retail or wholesale channels, and the digital euro will supplement, but not remove the current currency.

The dGen report predicts that EC. will develop and start up its CBDC, it will have "the ability to act as an effective method of payments in the international trade, the range is set from the driver."

If the ECB is unable to introduce a digital euro by 2025year, the Chinese yuan will surpass it. With this, the digital dollar (the thought of which is only hovering in the air) will remain the most famous fiat currency. Moreover, he can strengthen his position, as the developing and small countries "consider the possibility of transition to the digital depth".

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