Guardtime: "The pandemic has accelerated the release of CBDC by five years" – Bits Media

According to a study by the European company Guardtime, working in the field of blockchain, in connection with the COVID-19 pandemic, the Central Banks of various countries have significantly accelerated the development of digital currencies.

Analysts noted, that the pandemic has led to the explosive growth of tech companies, digital infrastructure and telecommunications. Digitalization around the world has increased significantly, and the share of non -cash payments has increased sharply. Against this background, central banks accelerated research and development in the field of state cryptocurrencies.

According to analysts, In the next three years, at least one major state will launch its digital currency. However, Given the full -scale testing of a digital yuan in China, This can happen even faster. Head Guardtime by Strategy Luukas Ilves (Bone lynx) considers:

“Competition to launch state cryptocurrencies increases. The launch of such an asset can radically improve the position of the country and its currency in the global economic arena. Coronavirus not only accelerated digitalization, but also changed the use of money by the population ".

The social distance led to a significant increase in the share of online payments, And this is the area, in which state cryptocurrencies are most applicable. Guardtime analysts write:

“The development of state digital currencies has accelerated by five years. There is no doubt, that soon the Central Bank of a large country will release CBDC. We expect, that this will happen within three years. Digital currencies will optimize international trade, They will simplify access to financial services for low -income strata of society and complicate the commission of crimes. but, There are technological difficulties in ensuring the scalability and safety of such systems ".

In mid -June, Director for the Development of Financial Technologies of England Tom Matton (Tom Mutton) stated, that state digital currencies will become the safest money in the world.