---
title: "How many countries use digital currency?"  
description: "How many countries use digital currency?"  
author: "Sandra Emily"  
published: 2022-05-23  
canonical: https://answers.mindstick.com/qa/97575/how-many-countries-use-digital-currency  
category: "troubleshooting"  
tags: ["troubleshooting", "digital currency"]  
reading_time: 2 minutes  

---

# How many countries use digital currency?

How many countries use digital currency?

## Answers

### Answer by Hitesh Vohra

- A central bank digital currency has been completely implemented in **nine nations (CBDC)**. The Caribbean is home to eight of the nine countries. Nigeria, with its e-Naira, is the most recent country to establish a CBDC. It is the first CBDC to be established in Africa.
- India's finance minister, Nirmala Sitharaman, said in February 2022 that the Reserve Bank of India (RBI) will implement a digital rupee sometime during the fiscal year 2022-2023, which begins April 1, 2022.
- In October 2017, the Bank of Russia revealed plans to establish a digital ruble. CBDC, according to Russia's central bank, would lower the cost of payment services, encourage competition among financial institutions, provide a convenient method of payment to individuals in areas with limited access to financial infrastructure, and lessen the country's reliance on the US dollar.
- Brazil has been considering a CDBC since at least 2020, following the successful implementation of PIX, the Brazilian Central Bank's immediate payment system (BCB). There have been 7 billion transactions conducted, with PIX users accounting for more over 60% of the adult population.

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**Read More: [Why do countries want digital currency?](https://answers.mindstick.com/qa/97577/why-do-countries-want-digital-currency)**


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