Why We Won’t See CBDCs Everywhere

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By Maya Cantina

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So, I understand why, if you see CBDC as a tool to lower these costs, you would prefer to encourage its development. But the fact remains that to improve cross-border payments through CBDC, you need to rely on solid global geopolitical relationships. And, unfortunately, we don’t have that. The world is too fragmented, too disorderly, to allow for CBDC to be implemented globally.

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