What is CBDC?
As the world becomes increasingly digital, central banks worldwide are exploring the possibilities of issuing their digital currencies. One such development is the Central Bank Digital Currency (CBDC), which is a new form of digital currency issued and controlled by the central bank. How CBDC Works Unlike traditional currency, CBDC exists only in the digital world, and its value is backed by the government. It functions similarly to traditional currency and can be used for various transactions, including purchases, bill payments,...
