Bahamas tops the list of advanced countries in creating CBDC

by in Cryptocurrency News

Bahamas

PwC research says more than 60 central banks are currently working to create national digital currencies (CBDCs).

The Bahamas is the farthest in this matter. This state received 92 out of 100 points in the rating. The second and third places were taken by Cambodia and China, which received 83 and 75 points.

The researchers put Ukraine in fourth place, giving it 71 points. The Central Bank of the Bahamas said in the fall of last year that the launch of the token will take place after the completion of testing. It started in the winter of 2020.

Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding

Such a tool can be used to pay for goods and services. The user will be able to store coins in a digital wallet. Banks will be able to issue microloans.

Note that China has also made great strides in creating its token. In early April, it became known that the digital yuan began testing the Central Bank of China in conjunction with the Hong Kong Monetary Authority.