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Post by griffo on Apr 22, 2021 17:23:22 GMT
www.bloomberg.com/news/articles/2021-04-22/world-s-most-cashless-place-takes-next-step-toward-digital-moneyThe central bank of Norway, where old-fashioned cash is now used less than anywhere else in the world, says it’s time to take the next step in exploring the introduction of a digital currency. Norges Bank Governor Oystein Olsen, who in the past has seemed less enthusiastic about central bank digital currencies than his peers, says the case for looking into their feasibility now “has been strengthened.” The bank plans to spend the next two years building its knowledge of the area, and doing “experimental testing of technical solutions” to make sure it understands the “purpose and consequences” of introducing a CBDC, he said in a report published on Thursday. The bank has already spent four years on preliminary research, but has remained on the fence on the subject as others move ahead. Central banks globally are racing to respond to widespread cashlessness by developing their own digital currencies, spurred by the embrace of cryptocurrencies such as Bitcoin, as well as private initiatives including Diem, which is backed by Facebook Inc.
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Post by Deleted on Apr 24, 2021 0:25:51 GMT
Is not my debit card a form of digital currency? One does not see cash when using it.
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Post by griffo on Apr 24, 2021 7:21:13 GMT
Is not my debit card a form of digital currency? One does not see cash when using it. It can be a step towards it yeah, but any currency that can still be held in cash isn't digital but you can get digital currency cards I think. www.forbes.com/advisor/investing/digital-currency/
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