The promise of a better world
Meta’s Diem initiative was abandoned in January 2022, but it will forever be regarded as the first, serious, organizational attempt to challenge the status quo of monetary sovereignty and policy. As governments geared up to look for an alternative, the rolling ball started gaining momentum and as of the end of February 2023, CBDC Tracker (https://cbdctracker.org/) points out that Jamaica and Bahamas have already launched their CBDC, about a dozen countries are actively testing their CBDC pilots, and more than a 100 others are either in the POC phase or are actively researching for a CBDC of their own.
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