Imagine digital money controlled by governments, like a super-safe, digital version of your allowance! Many countries are exploring this idea called a Central Bank Digital Currency (CBDC). It's like having a special digital dollar or euro that everyone can use.
- Some countries are ready to launch their own CBDCs soon.
- Others, like the US, are still unsure and exploring other options.
- CBDCs could make paying for things faster, easier, and safer for everyone, even in places without good internet.
| Fact | Detail |
|---|---|
| Time to Issue | Some countries expect CBDCs within 2 years, others are much slower. |
| US Decision | The US is focusing on private digital money instead of a government-backed CBDC. |
| Benefits | Faster payments, better access for everyone, and increased safety. |
