بینک آف امریکہ کا کہنا ہے کہ CBDCs رقم اور ادائیگیوں میں انقلاب لائیں گے۔

1. Bank of America has said that CBDCs and stablecoins will revolutionize money and payments.
2. The merits and demerits of CBDCs depend on how they are issued.
3. China has had the most success with its digital yuan.

According to a study report by Bank of America (BAC) on Tuesday, digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, represent the natural progression of money and payments.

Analysts led by Alkesh Shah argue that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.”

بینک آف امریکہ کا اندازہ ہے کہ صنعتی ممالک اور ابھرتی ہوئی معیشتوں کے مرکزی بینک بالترتیب ادائیگیوں کی کارکردگی اور مالیاتی منڈیوں کی شمولیت پر زور دیں گے۔ تاہم، CBDCs کے فوائد اور ان سے وابستہ خطرات اس بات پر منحصر ہیں کہ انہیں کیسے جاری کیا گیا اور انہیں کیسے ڈیزائن کیا گیا۔

In the same vein, a US organization called the Atlantic Council claims that over one hundred nations are actively researching and developing CBDCs in the research and development phase. 

Eleven nations, including Jamaica, Nigeria, and the Bahamas, have successfully established their own CBDC programs. A large number of nations, including China, India, and Thailand, are also now participating in the pilot phase.

Notably, China has had the most success with its digital yuan, with transactions exceeding $14 billion; however, overall volumes have slowed significantly, going from a record 154% growth in transaction volume in 2020 to just 14% since the end of 2021. This is despite the fact that China has had the most success with its digital yuan.

It’s also worth noting that as of late December, users of China’s digital yuan central bank digital currency (CBDC) wallet app were allowed to send money to one another in digital “red envelopes,” modeled like the physical ones used in China’s conventional monetary system.

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ٹیگز: Bank of America_BACسی بی ڈی سیچین