“We’re seeing that CBDC implementation is being powered by countries with comparatively less developed financial infrastructure and/or fewer competitive consumer choices. In addition, G+D Filia is a solution designed to aid central banks in effectively managing and operating their national Central Bank Digital Currencies (CBDCs), while ensuring compliance with security and resilience standards. While Ghana’s CBDC has been in the headlines, little is known about Eswatini’s CBDC, which is called the Digital Lilangeni. “We’re seeing that #CBDC implementation is being powered by countries with comparatively less developed financial infrastructure and/or fewer competitive consumer choices." Seidemann highlights that there will be a multitude of applications for Central Bank Digital Currencies (CBDCs) in the future contributing to the reinforcement of financial systems.

Source: Daily Nation September 01, 2023 12:15 UTC