6th April 2023 – According to an analysis by BanklessTimes.com, the total value of transactions carried out with Central Bank Digital Currencies (CBDCs) is expected to reach over $200 billion by 2030. This marks a staggering increase of over 260,000% from 2023, whose market is valued at just $100 million.

BanklessTimes CEO, Jonathan Merry commented on the data saying, CBDCs have the potential to revolutionize how people and businesses transact. The growth of CBDCs is a direct response to changing consumer preferences and increasing demand for digital payments. As more people across the world become comfortable using digital payment systems, CBDCs are likely to become more popular. We anticipate that their use will snowball over the coming years, driven by factors such as improved efficiency and cost savings.

CBDCs are expected to become increasingly prominent in the coming years as more countries explore the possibility of issuing a digital version of their national currency. Governments often have multiple motivations for doing so, including strengthening financial inclusion and creating more efficient payment systems. The full story and statistics can be found here: CBDC Transactions to Surpass $200B by 2030, Ballooning by Over 260K% From 2023.