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November 22, 2024

Tag: currencies

Are digital currencies issued by central banks the money of the future?

A new form of payment called central bank digital currency (CBDC) is being closely studied by central banks because to the growing interest in cryptocurrencies and the decrease in the use of cash. The value and primary purposes of this new currency will be the same as those of conventional bank notes, coins, and fiat

What are digital currencies issued by central banks, and what can the general public make of them?

Over the ages, money has taken on several forms. It hasn’t even always been about the money. Commodities were traded for bits of metal, which later turned into paper money, debit cards, and credit cards. Central bank digital currencies are perhaps the next development in this progression (CBDCs). Read More: Sergey Kondratenko CBDCs are now