Central Bank Digital Currencies Set to Surge 2,430% by 2031
Central bank digital currencies will change how money works worldwide. A new Juniper Research study shows their use will grow by 2,430% in seven years. Their report says CBDC payments will rise from 307.1 million in 2024 to 7.8 billion by 2031. Source: Global CBDCs & Stablecoins Market: 2024-2031 Study Banks want this growth to protect their control over money from card companies and stablecoins. This growth in digital currency significantly changes how we handle payments. Also Read: Dogecoin (DOGE) To Peak And Target $0.175, Expert Shares Exploring the Future: CBDC Surge, Market Impact, and Financial Revolution Record-Breaking Global Adoption Source: AtlanticCouncil CBDC Tracker More countries now use central bank digital currencies than ever before. The number jumped from 35 in May 2020 to 134 countries today. These nations make up 98% of the world’s money. The study shows that 66 countries are in the late stages of CBDC development. All G20 nations have joined in. Right now, 44...