Central Bank Digital Currencies, or CBDC’s as people like to call them have been all the rage in the end of 2019 and 2020. Multiple countries have shown interest towards this special asset while others have already acted upon it.
The most notable of these cases is the People’s Republic of China, who’s central bank has already begun developing the digital Yuan as well as making plans on distributing it to large retail banks and tech companies within the country.
But many experts have started asking questions on what exactly these currencies will be designed for. Are they going to be just a ticket on attending the market hype? Or are they going to solve real problems for the average citizen? Maybe they will become problems themselves. Let us see what could possibly happen with the mass adoption of digital currencies.