Governments Need CBDCs to Boost Financial Inclusion for the Unbanked
The article discusses the role of Central Bank Digital Currencies (CBDCs) in enhancing financial inclusion. It highlights that CBDCs can bridge the gap for the 1.3 billion unbanked population, connecting them to the digital economy from a cash-based system. Governments are encouraged to actively promote these digital currencies as reliable and affordable entry points to formal financial services. This strategy aims to provide trusted and low-cost access, thereby improving financial inclusion among citizens.
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