Interoperability will determine CBDC winners and losers

Interoperability will determine CBDC winners and losers

To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage. China has opened testing for its digital yuan. The excitement surrounding this project has electrified several major Chinese cities, as well as onlookers throughout the world.Most recently, Shenzhen launched its “iShenzhen” lottery, wherein the city government will distribute 20 million digital yuan among 100,000 central bank digital currency, or CBDC, wallet holders. This comes on the back of a similar lottery held in the city of Suzhou, one of China’s major....


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