Juniper Research: By 2030, the volume of transactions with digital currencies of the Central Bank will grow to $213 billion

Analysts at Juniper Research have announced that by 2030, the volume of central bank transactions in digital currency could grow by 210% to $000 billion.

Experts believe that this growth will be due to the desire of central banks to use the government stakecoins to expand the access of citizens of developing countries to financial services and improve the economic situation in general. Juniper Research researchers have suggested that even at an early stage in the development of CBDC, by 2023 the volume of transactions with this type of digital money could reach $100 million.

Central banks and other centralized bodies are exploring government cryptocurrencies to improve digital settlements and provide additional monetary services. At the same time, central banks can also use CBDC to control the movement of client funds, analysts do not exclude. Representatives of Juniper Research believe that by 2030, 92% of the total number of transactions using digital currencies to the central bank will be carried out on land. In the later stages of implementation, state-owned cryptocurrencies will become more commonly used for international payments.

“Now cross-border payments require money and time, but central banks are more focused on implementing their own digital currencies locally. For their use in international settlements, it is necessary to involve payment networks, this will allow us to extract more benefits from CBDC, ”said Nick Maynard, author of the report).

Recently, former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said that privacy must be a mandatory component of government cryptocurrencies or they would violate user privacy.