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Will digital currencies become the norm as the world moves towards a cashless society?

  • Written by The Conversation
Will digital currencies become the norm as the world moves towards a cashless society?TierneyMJ/Shutterstock

More than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes.

What is a central bank digital currency?

A CBDC is not a new currency. It is a digital representation of an existing national currency. So an Australian CBDC would have exactly...

Read more: Will digital currencies become the norm as the world moves towards a cashless society?

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