According to the IMF, CBDCs have conceptually existed for 30 years since the Bank of Finland launched its Avant smart card in 1993. Though this system was dropped by the turn of the century, it’s still widely considered the first CBDC.
According to the IMF, CBDCs have conceptually existed for 30 years since the Bank of Finland launched its Avant smart card in 1993. Though this system was dropped by the turn of the century, it’s still widely considered the first CBDC.