87
What is a CBDC?
A Central Bank Digital Currency (CBDC) is a digital form of money issued by the central bank of a country. It can be used as an alternative to traditional physical currencies and has many advantages over them. CBDCs are designed to allow for faster, more efficient transactions than with cash or other forms of payment. They offer increased transparency and security compared to existing financial services in addition to providing easier access for those without access to banking services. Additionally, they have potential applications in helping countries combat illicit activities such as money laundering and terrorist financing through improved tracking capabilities that go beyond what current systems provide.
