Juniper Research analysts predict that the volume of transactions involving central bank digital currencies (CBDC) will reach $213 billion by 2030, providing an opportunity to make financial services more available.
The amount of transactions with CBDC will amount to $100 million by 2023, and it is expected to increase by over 213,000% in the following years.
While most digital currencies are still in development, they will be used mainly within their countries at the start of the next decade.
After 2030, CBDC will be widely used for cross-border payments. In order to make this a reality, Nick Maynard, one of the authors of the study, believes that central banks must collaborate to develop software that will enable the use of CBDC worldwide.
