insurdao retweetledi
#Nigeria, #Jamaica, #Bahamas and #EasternCarribean have their own #CBDC live.
CBDCs are much more important for developing countries, whose #banking and #payments system often fails to serve the needs of society.
However, taking a closer look tells a different picture: the % of advanced economies in the TEST PHASE is way above developing countries => both are moving, but implementing a CBDC in a large and complex economy takes more time.
#Defi
Bank for International Settlements@BIS_org
Work on retail #CBDC is more advanced than on wholesale CBDC; about a quarter of central banks are piloting a retail CBDC. The new BIS survey suggests that there could be 15 retail and nine wholesale CBDCs publicly circulating in 2030 bit.ly/3JNTQQa
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