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9 Out Of 10 Central Banks Globally Are Exploring CBDCs; Spotify Enters Metaverse

According to an overview led by the Bank for International Settlements (BIS) universally, nine out of 10 national banks are investigating national bank computerized monetary standards (CBDC). It was likewise observed that few banks were either trying or in early advancement stages with respect to retail CBDC separated from discount CBDC.

Click here to know more about retail and wholesale CBDC.

Elsewhere in the world, according to a public statement, music streaming organization Spotify has declared an association with Roblox, a metaverse virtual gaming world, to send off Spotify Island, which will be a sound asylum where fans and specialists from around the globe can hang out and find music, missions and novel 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.

Digital money Prices

The worldwide crypto market cap diminished by 1.58 percent to $1.65 trillion at 8.50 am. The worldwide crypto volume was likewise somewhere around 15.53 percent to $97.31 billion, according to Coinmarketcap information.

“Bitcoin (BTC) is trading at $36,000, roughly flat on Friday. The market leader traded with low volatility over the past 24 hours. However, altcoins were comparatively stable. Investors seem to be facing fear of stagflation, or high inflation and slow economic growth, among investors. Over the short term, the fluctuation in price will most likely remain neutral,” says Gaurav Dahake, CEO and organizer, Bitbns.

Bitcoin (BTC), the world’s most seasoned digital currency, was exchanging at $35,965.27, lower by 1.43 percent as of now. Ethereum (ETH) was additionally exchanging lower by 2.29 percent at $2,684.27.

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