Central Bank Digital Currencies (CBDCs) have been touted as a solution to high costs associated with cross-border payments. However, the reality is more complex than that.
While it’s understandable why some believe CBDCs could help reduce these costs, the truth is that addressing cross-border payment issues with CBDCs would require strong global geopolitical relationships. Unfortunately, the current state of affairs in the world does not support this.
The global landscape is fragmented and chaotic, making it difficult to envision a scenario where CBDCs could be effectively implemented on a global scale.
