Thus, CBDCs want to offer tangible advantages for customers to modify from an already working system. As an example, India’s e-rupee plans to focus on those that don’t have financial institution accounts, in distinction to UPI, which permits bank-to-bank transfers. Additional, UPI doesn’t allow cross-border transactions, however CBDCs can doubtlessly sort out this subject as soon as a world normal is established.
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What Will 2023 Deliver for CBDCs?
