Recent reports reveal that the International Monetary Fund (IMF) suggests the development of a global digital currency to establish connections between nations before cryptocurrencies achieve the same.
Kristalina Georgieva, the director of the IMF, shares that the organization is actively pursuing the creation of a universal platform for central bank digital currencies (CDBCs) that will facilitate seamless cross-border transactions. This information comes from Reuters.
In her argument, she states that addressing CBDCs on a country-by-country basis could result in neglecting the importance of global interoperable payment systems and the potential of CBDCs being underutilized.
“CBDCs should not be fragmented national propositions… To have more efficient and fairer transactions we need systems that connect countries: we need interoperability…”
The notes continued and revealed the following:
“For this reason at the IMF, we are working on the concept of a global CBDC platform.”
CBDC in the news
It has been revealed that the UK is getting closer to using a CBDC. Check out the latest reports about this below.
BANK OF ENGLAND – The UK is getting closer to the launch of the Digital £ after completing Project Rosalind with the Bank of International Settlements.
When they told you they haven’t decided yet, whilst recruiting staff for launch.
They were lying. pic.twitter.com/MQu9ltuqRF
— Bernie’s Tweets (@BernieSpofforth) June 16, 2023
Someone dropped the following comment:
Short of a global revolution, we can’t stop CBDCs from coming. However we CAN get very very rich off of it by investing in the tech that will make it all possible. look into buying $QNT token on Coinbase or other exchanges. It’s a too 30 token in crypto and it will be an… https://t.co/TVpXy1Q5BC
— QNTisTheKey (@QNTistheKEY) June 17, 2023
Metro.co.uk notes that the government is exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak touted as ‘Britcoin.’
