2 June 2023
Central bank digital currencies (CBDCs) will disrupt the banking industry, forcing traditional lenders to innovate and helping small businesses access financing, according to a report by Standard Chartered and PwC China. In addition to facilitating cross-border payments, the CBDCs – fiat virtual currencies issued by central banks – are expected to motivate lenders to integrate their traditional services with other payment service providers to provide more innovative products and services to cust