Central Bank Digital Currencies, or CBDC, were predicted to be the most important payment trend, and as a result, inevitably elicited mixed reactions. The latest news regarding CBDC provoked rising concerns about privacy.
To clarify, CBDC can be understood simply as a new form of a central bank’s currency, but with a combination of two key elements: digital money and blockchain technology. In other words, CBDC is a cryptocurrency based on blockchain technology, issued and guaranteed by a central bank.
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