Over the past decade, the world has witnessed remarkable growth in digitalization, financial technology, and mobile payment systems, particularly in emerging markets. This surge has accelerated the development of alternative financial systems, prompting central banks to move swiftly from conceptual discussions to pilot projects on Central Bank Digital Currencies (CBDCs) in many countries.
According to the Atlantic Council’s CBDC tracker, over 95% of the global economy is exploring some form of CBDC. While nearly every region has shown interest, emerging markets have been especially proactive in piloting and launching various models of these digital currencies.
This book examines the evolution of digital payments, cryptocurrencies, and CBDCs. By presenting case studies from different countries, it highlights how diverse social and economic environments shape the adoption of these technologies.
It also provides an up-to-date analysis of global initiatives, along with their benefits and drawbacks. Key criticisms of CBDCs include potential risks to privacy and the concentration of power within central banks. In the U.S., concerns focus on the possibility that if physical cash disappears, citizens may face reduced financial privacy and greater government oversight of transactions.
Finally, the book explores how instruments like CBDCs, stablecoins, cryptocurrencies, cross-border payment systems, and digital financial platforms could disrupt the global financial order. It dives into the ongoing policy debates surrounding these innovations and the potential weakening of traditional physical currency.
If you’re eager to understand the future of money and the forces reshaping global finance, this book is a must-read. Get your copy today on Amazon or Barnes & Noble and explore the digital currency revolution.
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