US Struggles to Compete in Developing Alternative Payments Systems Amid Growing Global Demand
The global financial landscape is shifting as countries explore Central Bank Digital Currencies (CBDCs) to improve payment systems. CBDCs enable faster, cheaper, and direct currency exchanges between nations, reducing the reliance on the U.S. dollar. With projects like China’s digital yuan gaining momentum, the U.S. risks losing its dominant position if it does not modernize ...
