Nine out of ten countries developing central bank digital currencies

 Zach Meyers, senior research fellow at the Centre for European Reform think tank, told Tech Monitor in January that he believes much of the interest in CBDCs is driven by fear of missing out, particularly since China became the first major economy to trial a digital currency, the e-CNY, in April 2020. "None of [the central banks] want to be seen as falling behind," Meyers said "They look at what's happening in China and think 'we need to have that as well'."