News & Blog

What fintechs should know about Central Bank Digital Currencies

Written by Daria Bril | January 16, 2023

With 18 of the G20 countries far along in developing their own CBDCs, commercial banks and non-bank fintechs can no longer ignore the disruption that is on the horizon. The adoption of CBDCs will bring both opportunities and competition to established and digital-native payment players. OpenWay’s report will shed light on the role fintechs might play in this emerging financial ecosystem, and answer some key questions:

  • What are CBDCs, and why are governments are rushing to roll them out?
  • Why are CBDCs, cryptocurrency, and blockchain often mentioned together?
  • How are fintechs and commercial banks already involved in CBDCs?
  • What will multi-CBDC platforms mean for cross-border transactions?