Part 5/10:
The Bank of Japan is preparing for pilot projects.
China’s digital currency, known as the Digital Currency Electronic Payment (DCEP), has undergone successful pilots across several cities.
This global momentum underscores the widespread interest and potential of wholesale CBDCs in modern financial infrastructure.
What Are Retail CBDCs?
Retail CBDCs are designed for everyday consumers and businesses, functioning similarly to cash but in digital form. They are stored in digital wallets, which individuals can use to make payments for goods and services, pay rent, or conduct other personal transactions.