Hacker Noon August 7, 2022
Blockchain technology has evolved significantly, from a digital currency used for payments to digital assets and blockchain games. Let’s look at some exciting developments in the blockchain industry this year.
Central Banks Digital Currencies (CBDCs) Gain More Traction
Cryptocurrencies can potentially revolutionize how businesses pay their workers, which is already accepted as payment for various products and services worldwide. However, the rising costs of sending money internationally and general inflation are likely to be the primary impetuses behind accepting cryptocurrencies as legitimate forms of payment in the future. Therefore, another potentially fruitful area for the development of blockchain technology would be the introduction of the idea of national cryptocurrencies.
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