According to a survey conducted by the Bank for International Settlements (BIS) globally, nine out of 10 central banks are exploring central bank digital currencies (CBDC). It was also found that several banks were either testing or in early development stages regarding retail CBDC apart from wholesale CBDC.
Click here to know more about retail and wholesale CBDC.
In other news, as per a press release, music streaming company Spotify has announced a partnership with Roblox, a metaverse virtual gaming world, to launch Spotify Island, which will be a sound sanctuary where fans and artists from around the globe can hang out and discover music, quests and unique merchandise.
Click here to know more about how Apple, Spotify, YouTube, Grammarly, Audible by Amazon, and other Indian users are facing problems paying for it.
Cryptocurrency Prices
The global crypto market cap decreased by 1.58 per cent to $1.65 trillion at 8.50 am. The global crypto volume was also down by 15.53 per cent to $97.31 billion, as per Coinmarketcap data.