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VOL. 5, ISSUE 3 (2023)
Digital currencies: Technological innovations in finance
Authors
Sali Bakare
Abstract
As technology evolves, the way people live, work, and spend has changed; and central banks globally have tried to reinvent their local currencies for the digital era (Thorbecke, 2022) [7]. China, the world’s second-largest economy by GDP, soft-launched her digital Renminbi in January 2022. In February 2022, the IMF Managing Director indicated that about 100 countries are exploring digital currency. Some digital currencies are government-backed and traded via tech infrastructure. There is usually no intermediary among traders or investors; therefore, transaction costs are usually efficient.
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Pages:8-10
How to cite this article:
Sali Bakare "Digital currencies: Technological innovations in finance". International Journal of Finance and Commerce, Vol 5, Issue 3, 2023, Pages 8-10
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