Interest in CBDC is growing all over the world. While many countries, most notably China, are actively working on developing their digital coins, some other countries are just preparing to jump on the bandwagon. Recently, Georgia has decided to join the CBDC race.
Despite reported issues with Chivo wallet, the citizens of El Salvador actively embrace bitcoin as their second national currency. About 25% of the population shifted to cryptocurrency including Bitcoin (BTC).
More than 69% of banking institutions in EMEA (Europe, Middle East and Africa) could miss opportunities in the financial market over the next 24 months if they do not embrace digital transformation. Currently, only 19% of them are making efforts to keep up with technological advances.
China's Central Bank Digital Currency (CBDC) digital yuan, or e-CNY, has won a certain victory after completing tests in major Chinese cities. But the next war is now being fought between digital payment giants WeChat and Alipay.
The Reserve Bank of Australia (RBA) has advertised a position for a digital currency specialist. This is in line with the RBA's strategic plan to promote and support the development of payments in the country.
The world looks to El Salvador, as El Salvador officially recognises Bitcoin as its national currency today, September 7, 2021. Many crypto advocates are excited about Bitcoin becoming a national currency and are looking to El Salvador for more cryptocurrency developments.