Author: Milan Ignjatovic

A large number of CBDC supporters are gradually implementing the digital currency, the reason being the fast transfer of money as well as cheaper transaction costs. In addition to the benefits that this technology offers, the majority of users of banking services are not interested or distrustful of the digital currency that is slowly being formed without the consent of the population in the states. Most central banks are working on a study to justify digital money and its services. Here are some advantages and disadvantages of CBDC. Advantages of CBDC: Speed ​​of transactions, Reduction of transaction costs, Fast international transactions (current transactions only work with certain currencies), Stimulating economic development, Quick way of tax collection, Better control of monetary policy, Integration with new technologies and devices, Reduction of illegal…

Signs read, "No cash payment in this store" is something that you see in many stores in Sweden. As announced Sweden, will stop accept bills before 2025. Right now, many countries in Europe and around the world have stopped to exchange Swedish krone. However, there are numerous reasons for such behavior one of them are digital currency. In 2018 Sweden central bank sad that the proportion of purchases in shops using cash dropped from about 40% to 13%. Now everyone in Sweden take cards or a mobile payment system to pay goods and services. Riksbank announced a work on e-krona who are entering new phase. One-step closer to cashless society and right now a focus on the design of an e-krone. This ongoing international work on central bank digital currency…

Nigeria has borrowed $33 billion form its own Central Bank to fund its budget deficit. Debt restructuring needed to stop the bubble to burst and to make Nigeria economy strong again. Finance Minister Wale Edun said, “We are bringing order to government borrowing“. For long cash, shortages have plagued Nigeria’s economy, due to a CBN directive. One of the largest economy in Africa had to print new currency for financing its fiscal deficit. On March 2023, Supreme Court of Nigeria has ordered the Central Bank of Nigeria to extend the use of old currency notes until December 31. The issue of withdrawal notes will become an election problem who causes anger. The Central Bank says that old notes will remain legal tender in 2024 and that there is no deadline.…

Founded in 2019 OpenAI CEO Samuel Altman announced in July a launch of new cryptocurrency who will change the world of finance. This new currency already has more than 2.5 million users worldwide and it is already on its way to become the star of crypto world. Many reason for new iris biometric cryptocurrency who will be the best as they say is a free ownership to everyone. Their aim is to become the world largest digital identity and financial network. Worldcoin will be the universal and global currency no matter your country or background. New cryptocurrency will be provided for free only if you scan your eyes. The users of this system are starting to have serious debate about (tracking personal biometrics). The answer from Worldcoin on the debate…