Part 9/10:
While wholesale CBDCs streamline large-scale financial transactions and enhance global financial infrastructure, retail CBDCs aim to transform everyday money usage, offering a secure, digital alternative to cash. Both types are integral to the evolving landscape of digital finance, with central banks strategically leveraging each for monetary policy, economic stability, and efficiency.
As the world watches ongoing pilot projects and rolled-out initiatives, staying informed about these developments is crucial. They hold the potential to reshape how we perceive and utilize money in the digital age.