A global digital currency in the works

With the likely onset of digital currencies like Facebook's libra, the Bank of England, along with other international banks, is keen to consider a central bank digital currency (CBDC).
By: spire research and consulting
GURUGRAM, India - March 30, 2020 - PRLog -- Together with the Bank of International Settlements (BIS), this initiative includes central banks of Japan, Sweden, Switzerland and the Eurozone.

This may help improve the efficiency of cross-border transactions and payment systems, while potentially reducing dependence on the US banking system.

Can a single digital currency pave the way for a common global currency?

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