Blockchain and cryptography specialist at PwC UK, Haydn Jones, said that more than 80% of central banks are considering launching a central bank digital currency (CBDC) or have already done so.
The second annual Global CBDC Index report measures the level of maturity of central banks in deploying their own digital currency. The report also includes, for the first time, an overview of stabelcoins.
The study ranks both retail CBDCs and wholesale CBDCs. Retail CBDCs have reached a higher level of maturity than their wholesale counterparts.
“Countries are at different levels of maturity with CBDCs and each country has different motivating factors. Increasing access to financial services, facilitating cross-border payments and fighting financial crime are all factors that come into play. We expect CBDC research, testing and implementation to pick up in 2022,” the report concludes.