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The Future of Central Bank Digital Currency Transactions

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The Future of Central Bank Digital Currency Transactions

On March 14, according to Juniper Research, the total annual value of transactions using the Central Bank Digital Currency (CBDC) will increase from US $100 million to US $213 billion in 2030. In addition, with the development of cross-border CBDC payment system, the proportion of domestic CBDC payment in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%.

The global CBDC transaction volume will reach US $213 billion by 2030

Analysis based on this information:


According to a report by Juniper Research, the use of Central Bank Digital Currency (CBDC) is projected to increase significantly by 2030. From a mere US $100 million in 2020, the total annual value of transactions using CBDC is expected to reach US $213 billion. This substantial growth can be attributed to the increasing adoption of CBDC by consumers and businesses worldwide.

The report also highlights the development of cross-border CBDC payment systems as a significant driving force behind the growth of CBDC usage. As the number of countries accepting CBDC payments increases, the proportion of domestic CBDC payments in the total transaction volume will decrease from “nearly 100% in the current pilot stage” in 2023 to 92%.

The projected surge in CBDC transactions can be attributed to several factors. One of these is the increasing amount of trust that consumers and businesses have in digital currencies. CBDC’s legal tender status and the fact that it is now backed by central banks add to its credibility and make it a safer and more secure means of payment.

Moreover, CBDC has the potential to revolutionize cross-border payments by making them faster, cheaper, more secure, and more accessible to everyone. This would eliminate the need for middlemen, such as banks or payment gateways, and reduce the cost of sending money across international borders. With CBDC, transactions can be settled instantly, irrespective of the currency of the sender or receiver.

Finally, the COVID-19 pandemic has also accelerated the shift towards digital payments. As people have become more cautious about handling physical currency, they have turned to digital payment methods, including CBDCs. This shift is likely to continue even after the pandemic subsides, further driving the growth of CBDC transactions.

In conclusion, the use of CBDC is projected to increase significantly in the next decade, propelled by the development of cross-border payment systems, increasing trust in digital currencies, and the pandemic-induced shift towards digital payments. This growth will bring about significant changes to the global financial landscape, making cross-border payments faster, cheaper, and more secure, and ultimately benefitting consumers and businesses worldwide.

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