Abstract
Significance Nigeria will be the 15th country to launch a pilot of central bank digital currency (CBDC); China was the first major economy to do so. A further 68 central banks are in the research and development phases that precede a pilot. Impacts China may roll out its CBDC nationwide in 2022, and if so, could force the United States to accelerate its own CBDC project. CBDC projects are fraught with technical and legal difficulties, and planned schedules may not always be held. CBDCs will not compete with non-digital currencies until more major economies disseminate a CBDC. Cash still dominates in many nations and CBDC adoption will be slower where people are reluctant to lose the anonymity of cash payments.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
