TechFlow news: According to a survey conducted by the Bank for International Settlements (BIS), around 15 retail central bank digital currencies (CBDCs) could be in circulation globally by 2030. Among the 86 central banks surveyed by the BIS, 93% are currently working on CBDC initiatives, with major jurisdictions such as India, the United Kingdom, and the European Union seriously exploring the issuance of digital versions of their fiat currencies.
In addition, the report noted that survey results indicate stablecoins and other crypto assets have so far been rarely used for payments outside the crypto ecosystem, with cross-border remittances and consumer purchases being the most popular use cases.
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