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Mastercard: Central banks will likely lean away from issuing retail CBDCs

Mastercard’s Raj Dhamodharan predicts that more central banks will shift away from retail CBDCs, focusing instead on wholesale digital currencies for financial institutions in 2025.

Central banks are rethinking their approach to state-backed digital currencies, with Raj Dhamodharan, Mastercard‘s head of crypto & blockchain, noting that while many once considered issuing their own digital currencies to keep pace with the private sector, the focus is now shifting.

In a Feb. 6 blog post, Dhamodharan forecasted that in the near future central banks will stop prioritizing digital currencies for the general public.

Mastercard: Central banks will likely lean away from issuing retail CBDCs

Mastercard’s Raj Dhamodharan predicts that more central banks will shift away from retail CBDCs, focusing instead on wholesale digital currencies for financial institutions in 2025.

Central banks are rethinking their approach to state-backed digital currencies, with Raj Dhamodharan, Mastercard‘s head of crypto & blockchain, noting that while many once considered issuing their own digital currencies to keep pace with the private sector, the focus is now shifting.

In a Feb. 6 blog post, Dhamodharan forecasted that in the near future central banks will stop prioritizing digital currencies for the general public.
https://crypto.news/mastercard-central-banks-will-likely-lean-away-from-issuing-retail-cbdcs/