Understanding Central Bank Digital Currencies (CBDC)

Central Bank Digital Currencies

Why Central Bank Digital Currencies?

So, what exactly is a central bank digital currency?

  1. Has the liability of a central bank
  2. Serves as a medium of exchange
  3. Serves as a store of value
  4. It is available in denominations of an existing unit of account

Variants of CBDCs

Existing Applications for CBDCs

Sweden

China

USA

Advantages of Central Bank Digital Currencies

Conclusion

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