World Bank Report Reveals Stake in Developing Nations’ Digital Currencies Has Doubled in Past Year
GENEVA, SWITZERLAND — A newly released World Bank report has determined that the collective stakeholder interest in central bank digital currencies across developing economies has surged by one hundred percent over the last twelve months. The study, published on Wednesday, indicates that the highest level of growth was recorded in sub-Saharan Africa and Southeast Asia. The World Bank’s analysis confirms that the primary driver for this increased stake is the pursuit of financial inclusion and lower transaction costs. The report cites pilot programs in Nigeria and Thailand as key examples. Regulators in these regions are now evaluating the potential for a multilateral settlement platform.