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According to the CEO of the crypto exchange Binance Changpeng Zhao, CBDC will make a great contribution to the development of the global economy.
The cryptocurrency industry will benefit from the emergence of an innovative tool, but the central banks issuing their tokens should not be allowed to isolate the financial sector of the state from the outside world.
Changpeng Zhao expressed his point of view on the Binance blog and noted that isolation would harm both the individual states that issued CBDCs and the global crypto economy. In the future, exchanges will be able to integrate CBDC, but this process will be gradual.
The concept of national digital currencies will accelerate the introduction of innovative instruments into traditional payment systems. Tokens can be used to pay for goods and services in domestic and even foreign markets.
According to the CEO of Binance, central banks issuing their tokens will also initiate educational programs for citizens to learn about blockchain and digital currencies. Increasing literacy will be one of the fundamental implications of CBDC projects.