How are digital currencies transforming the banking landscape?.

Digital currencies are reshaping the banking sector by enhancing transaction efficiency, reducing costs, and improving access to financial services. Banks are adopting blockchain technology for secure transactions and integrating digital wallets to streamline payments. Furthermore, the rise of Central Bank Digital Currencies (CBDCs) is expected to influence monetary policy and financial stability. As banks evolve, they must address regulatory challenges and cybersecurity concerns while leveraging the opportunities offered by digital currencies.