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In this blog, we explore the transformative impact of white label digital wallets in the ever-evolving landscape of fintech. As the financial technology sector experiences significant growth, businesses are actively seeking inventive solutions to meet the increasing demands of their clientele.

Digital forms of currency issued by central banks are known as central bank digital currencies (CBDCs). They are designed to provide a secure and convenient alternative to physical cash and to facilitate digital payments for individuals and businesses. CBDCs are backed by the central bank, which means they have the same value as traditional fiat currencies and can be used in the same way. Dissimilar to digital forms of money, which are not managed by a central authority, CBDCs are issued and controlled by the central bank.