Exploring Central Bank Digital Currencies (CBDCs) and Financial Inclusion
1. The Rise of Central Bank Digital Currencies: Opening Doors to Financial Inclusion
As technology continues to evolve, central banks around the world are exploring the concept of Central Bank Digital Currencies (CBDCs) as a potential solution to enhance financial inclusion. CBDCs are digital versions of a country’s fiat currency, issued and regulated by the central bank. By leveraging blockchain technology, CBDCs aim to provide secure, efficient, and inclusive access to financial services for individuals and businesses, regardless of their socioeconomic status.
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