The future of money is now

Almost 100 countries are evaluating central bank digital currencies (CBDCs), the IMF reported last month, with a pioneering group starting to roll them out.

But maybe it’s inevitable that reporting on these efforts is often shaped by the tensions of superpower rivalry – or more specifically whether the Chinese have a golden chance to grab the initiative back from the greenback by getting ahead in the digital race.

While the Federal Reserve is still asking for opinions on how best to proceed with a digital dollar, the People’s Bank of China is deep into preparations for a much fuller launch of the digital ...

Read More at https://www.weekinchina.com/2022/03/the-future-of-money-is-now/