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IBM: Central bank cryptocurrency could be available within five years

IBM: Central bank cryptocurrency could be available within five years – Westfair Communications

Central banks around the world are considering the creation of their own cryptocurrency and could have it ready for consumer use within five years, according to a new report commissioned by Armonk-based IBM. The report, titled “Retail CBDCs, The Next Payments Frontier,” was created in collaboration with the central banking think tank OMFIF and surveyed officials from 23 central banks in advanced and emerging economies.