Digital money 2 is all about decentralisation. Digital money 2.0 would be a token based digital money. Tokenization is the basis of virtual currencies and that works on blockchain technology. Many countries are in the process of creating their own virtual currencies in the form of Central Bank Digital Currency (CBDC).CBDCs are a liability of the central bank in the same way as physical currency. This is a major differentiator between CBDCs and other tokenized money forms such as cryptocurrencies and stablecoins.
Central Bank Digital Currency - A quick overview
Central Bank Digital Currency - A quick…
Central Bank Digital Currency - A quick overview
Digital money 2 is all about decentralisation. Digital money 2.0 would be a token based digital money. Tokenization is the basis of virtual currencies and that works on blockchain technology. Many countries are in the process of creating their own virtual currencies in the form of Central Bank Digital Currency (CBDC).CBDCs are a liability of the central bank in the same way as physical currency. This is a major differentiator between CBDCs and other tokenized money forms such as cryptocurrencies and stablecoins.