Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own.
The interest in cryptocurrencies by the central banks is because of the insane valuations these markets are gaining and it has nothing to do with the pandemic. We are hearing for a long time that we will see government minted digital currencies and we knew they will come up with their version of blockchain based currencies and expect that in the next 5 years.