The new initiative, "Digital Shekel Challenge," aims to create an advanced digital payments ecosystem by involving various sectors in a competitive sandbox environment.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Some think that a CBDC done "right" will spur competition and innovation while protecting privacy and freedom. No form of a CBDC will accomplish these tasks.