Offline functionality refers to the capability of a digital payment system or currency to conduct and settle transactions without requiring a continuous internet connection. This feature ensures payment access in environments with limited or no network availability. It enhances resilience and inclusivity for digital transactions.
Context
Central banks are actively exploring offline functionality for central bank digital currencies to ensure accessibility in remote areas, during infrastructure failures, or for populations with limited digital access. News reports often highlight this feature as crucial for promoting financial inclusion and robustness. It addresses critical concerns about digital divide and system reliability.
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