From the Mesopotamian shekel, Chinese paper money, to the modern paper money we use today, currency has evolved throughout history. And if central banks around the world have their way, the next step in the evolution of currency could be Central Digital Bank Currencies (CBDC). According to American non-partisan think thank Atlantic Council’s CBDC tracker, 87 countries that account for a little over 90 per cent of global Gross Domestic Product (GDP) are exploring CBDCs. Source: Atlantic Council This international interest has been driven by declining cash use and increasing adoption of electronic payment methods like credit cards, e-wallets and digital payment platforms. Not to mention that CBDCs will improve the efficiency of wholesale and retail payment systems. Developing economies will also benefit as the implementation of CBDCs will eliminate the need for low-value coins in the monetary system that are expensive and cumbersome to maintain....