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Bitcoinist 2019-11-12 17:43:26

IBM: Central Banks Will Launch Digital Currencies Within 5 Years

Under the fear of potentially losing monetary control, several central banks are focusing on developing and issuing a cryptocurrency. Indeed, according to an IBM-commissioned report, a central bank digital currency (CBDC) could be ready for consumers’ use within the next 5 years. IBM Sees Serious Future For CBDC’s The OMFIF-IBM report entitled “Retail CBDs: The next payment frontier” underscores the challenges central banks are confronting because of the advent of Bitcoin and its underlying technology,Read MoreThe post IBM: Central Banks Will Launch Digital Currencies Within 5 Years appeared first on Bitcoinist.com.

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