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The Times

Will digital currencies become the norm as the world moves towards a cashless society?

  • Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Will digital currencies become the norm as the world moves towards a cashless society?TierneyMJ/Shutterstock

More than 90% of the world’s central banks are looking at introducing a central bank digital currency (CBDC), to complement existing banknotes.

What is a central bank digital currency?

A CBDC is not a new currency. It is a digital representation of an existing national currency. So an Australian CBDC would have exactly...

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