Financial and Monetary Systems

What are central bank digital currencies and what could they mean for the average person?

CBDCs are digital currencies issued by a central bank.

CBDCs are digital currencies issued by a central bank. Image: Unsplash/afschim

Sandra Waliczek
Blockchain and Digital Assets, World Economic Forum
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Figure illustrating the exponential growth in CBDC exploration.
Rising numbers of countries are considering using CBDCs. Image: World Economic Forum

Map illustrating the map of CBDC phase of exploration.
CBDCs could make cross-border transactions easier and cheaper. Image: World Economic Forum

Graph illustrating the number of people with a phone who o untumber those with a bank account.
Mobile phone users outnumber those with a bank account in many countries. Image: Mastercard

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