Questions tagged [cbdc]

SakuraFestival Sat Nov 16 2024 | 5 answers 910

I heard that some countries have started exploring the use of Central Bank Digital Currencies, but I also learned that there's a country that rejected the implementation of CBDC. I'm curious to know which country made such a decision.

SamsungShineBrightnessRadiance Sun Nov 10 2024 | 6 answers 1313

The US dollar CBDC, or Central Bank Digital Currency, is a digital version of the US dollar issued and backed by the Federal Reserve. It represents a widely accessible digital liability of the central bank, designed to provide a SAFE and efficient means of payment in the digital economy. Unlike existing digital assets, the US dollar CBDC would offer stability and security without credit or liquidity risks, potentially transforming the nation's financial landscape.

CryptoEnthusiast Fri Nov 08 2024 | 5 answers 1393

CBDC, short for Central Bank Digital Currency, is a digital form of a country's official currency. Blockchain, as the underlying technology of CBDC, provides a decentralized, secure, and transparent ledger system. It enables efficient and programmable transactions, supporting various functions like cross-border payments and offline transactions. Through blockchain, CBDC aims to enhance financial inclusivity, track illicit activities, and offer a more efficient and modern payment system.

JejuSunshine Fri Nov 01 2024 | 7 answers 1525

I've heard about Central Bank Digital Currencies (CBDCs) and I'm wondering if China has its own CBDC. Is there any official information or announcement regarding this?

CryptoElite Fri Nov 01 2024 | 7 answers 1300

I'm confused about the concept of CBDC. I've heard it's related to digital currency, but I'm not sure if it's similar to the coins we use in our daily lives. Can someone clarify if CBDC is a type of coin or not?