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Title: “Central Bank Digital Currencies: Transforming Global Finance”

Explore the evolution of digital money with CBDCs and Microsoft's crucial role in modernizing financial systems. Learn about Brazil's Drex project.

by Lilu Anderson
Fri, Jun 21, 2024 2:53am
in World
• 4 mins read
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Title: "Central Bank Digital Currencies: Transforming Global Finance" | FinOracle

Photo: Finoracle.net

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Cash is No Longer King

Since ancient times when the Lydians made the first coins to pay their armies, money has continuously changed. From coins to paper money, credit cards, and now smartphone payments, our way of using money has evolved with technology. Cash is no longer king. Nowadays, most money exists digitally. People, businesses, and banks prefer digital payments because they are easier, more flexible, and more convenient.

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