The six key drivers for digital currency
Dave Birch breaks down the forces that are pushing central banks towards CBDC
Why exactly are central banks looking at central bank digital currency (CBDC) when the Federal Reserve’s vice-chair for supervision, Randal Quarles, said in a speech in June 2021 that CBDC may well turn out to be a “fad”?
I’ve been through many central bank and other reports on digital currency and brought together what I think are the pressures for digital currency in the form of half-a-dozen key drivers, structured in such a way to support discussion and debate on the topic.
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