Thus, CBDCs need to provide tangible benefits for users to switch from an already working system. For instance, India’s e-rupee plans to target those who don’t have bank accounts, in contrast to UPI, which enables bank-to-bank transfers. Further, UPI doesn’t permit cross-border transactions, but CBDCs can potentially tackle this issue once a global standard is established.
Klarna Partners With Coinbase to Integrate USDC Stablecoin Funding
Digital funds supplier Klarna expands monetary technique by partnering with Coinbase to make the most of USDC stablecoins for institutional...
