For many of those involved in implementing central bank digital currency platforms, the goal is the same: financial inclusion. While most households can access some form of digital payments, there are still 2.5bn people globally who do not have bank accounts. Without a bank account and, subsequently, no payment history to show, credit for this population is not guaranteed and they may fall victim to paying high interest rates. By covering all three types of financial institutions engaged in wholesale and retail CBDC – central banks, commercial banks and non-bank financial institutions – GVE’s CBDC platform provides ... (full story)