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  "notes": "The chart displays an index-based ranking of CBDC project activity.",
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      "text": "Figure 4: Top ten territories in number of retail CBDC (central bank digital currency) projects",
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      "text": "Macro forces shaping the digital revolution make for an incredible melting pot for innovation, with central bank money, commercial bank money and private money competing for a share of consumers’ wallets.",
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      "text": "Note: Totals are rebased against an index of 100 and are dependent on the availability of data. Source: BIS, Bank of International Settlements working paper No. 880: Rise of the central bank digital currencies: Drivers, approaches and technologies, Dec 2020 update, and PwC analysis",
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