The central bank digital currency (“CBDC”) race has begun. CBDC is electronic, universally accepted, central bank-issued money. Central banks across the globe are undertaking extensive work on CBDC. It has moved from a bold speculative concept to a seeming inevitability. According to a recent survey by the Bank for International Settlements, 80% of central bank respondents are engaged in CBDC projects. Central banks representing a fifth of the world’s population say that in the next few years, they are likely to issue CBDCs. Technology firms are actively proposing novel CBDC solutions during central bank tenders. In this blog, we will outline why ProximaX’s solution is a holistic and winning formula.

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