UK Tech News: Will Central Bank Digital Currencies deliver a more democratic payment industry?
Central Bank Digital Currencies (CBDCs) are becoming increasingly popular with nation states around the world, and for a good reason. There are a number of advantages to the Government-backed digital blockchain currencies, including making transactions faster and cheaper, as well as increased transparency for transactions. There is one benefit, however, that has been overlooked by many – its potential to make financial transactions more inclusive and deliver a democracy for payments.
