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What are Central Bank Digital Currencies (CBDCs)? Empty What are Central Bank Digital Currencies (CBDCs)?

Wed Nov 23, 2022 2:15 pm
Many Central Banks have begun experimenting with Central Bank Digital Currencies (CBDCs). CBDCs are a type of fiat currency issued by central banks where the managed digital ledger may or may not run on the blockchain.

CBDCs promise many of the advantages of crypto, such as faster digital transactions with richer data, but also offer much lower volatility since they are digital versions of national currencies backed by government commitment. Additionally, CBDCs have been touted as a solution that increases financial inclusion and provides the means for safer, faster and cheaper payments.
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