Computer Science
3 years ago

China's Central Bank Digital Currency Set to Revolutionize Payment Competition.

SSRN Electronic Journal
China’s Central Bank Digital Currency and Its Impacts on Monetary Policy and Payment Competition: Game Changer or Regulatory Toolkit?
Shen Wei, Liyang Hou

Paper Summary

China is getting ready to launch its own digital currency, which aims to not disrupt the financial system. To address concerns about its impact, interest rates could be used as a solution. The success of this digital currency will depend on how it competes in the market. Initially meant for regulation, it could become a game changer if widely adopted.

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