CBDC or Central Bank Digital Currency: A Simple Guide to the Future of Money
CBDC or Central Bank Digital Currency Money is changing, and one of the biggest changes on the horizon is the idea of Central Bank Digital Currencies (CBDCs). This concept could completely transform how we use money in our daily lives. Let’s break down what CBDCs are, why they matter, and how they might shape the future of finance. What Are Central Bank Digital Currencies (CBDCs)? A Central Bank Digital Currency (CBDC) is a digital version of a country’s currency. Unlike cryptocurrencies like Bitcoin, which are decentralized and not controlled by any government, CBDCs are issued and regulated by a…