Will CBDC be a gamechanger?

The term Central Bank Digital Currency (CBDC) has started to gain traction and attention of central banks and financial and tech enthusiasts alike. A CBDC is a legal tender issued by a bank in a digital format. Also known as digital base money or digital fiat currencies, a CBDC is no different from hard cash, apart from the fact that they are in a digital or virtual form. It is not meant to replace hard cash, but coexist as an additional form of payment method.The term Central Bank Digital Currency (CBDC) has started to gain traction and attention of central banks and financial and tech enthusiasts alike. A CBDC is a legal tender issued by a bank in a digital format. Also known as digital base money or digital fiat currencies, a CBDC is no different from hard cash, apart from the fact that they are in a digital or virtual form. It is not meant to replace hard cash, but coexist as an additional form of payment method.Cryptocurrency-Markets-Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: