CBDC’s become commonplace

A central bank digital currency (CBDC) uses a digital token to represent the virtual form of a fiat currenc y.

In China, Non-cash payments are increasing by over 20% year on year , according to the People’s Bank of China.

The European Central Bank has outlined their support of a Euro CBDC , detailing their plans to begin working on its implementation.

EDCs like the one Amazon is reportedly preparing to release in Mexico and Facebook-backed Diem promise to make it easier and cheaper for people to transfer money.