20 years ago, we would have scoffed at the idea of a digital currency. What was this intangible thing that could not be stuffed in pillows and under mattresses or stored away in the safe? In the 2000s, we were just about getting comfortable with the idea of credit cards, a unified payments interface was not even a nebula of a thought in the mind of some innovator, while digital currencies were fantasies at best. However, the fast-paced rate of digital adoption across geographies has catapulted us to today when India is trying out its digital rupee.
The blockchain technology supporting CBDC will seem mind-blowing to many but it’s an innovation whose time has come. Today, growth, development, transaction, and communication all rely heavily on digital tools. Digitization is that one revolution that has conquered almost all even in the face of the obstacle of naysayers. The inexorable force of digitization couldn't be ignored or fended off. And we are much stronger as a civilisation because of it, as digitization continues to mould economies.
Bu hikaye Millennium Post Delhi dergisinin December 03,2022 sayısından alınmıştır.
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Bu hikaye Millennium Post Delhi dergisinin December 03,2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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