Cryptocurrency vs CBDC. What's the difference?

Central bank CBDC vs cryptocurrency

About CBDC

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CBDC features

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Does it use blockchain?

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Is CBDC a legal tender?

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Will Crypto gel with CBDC?

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About eRupee

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We're on You Tube

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Central bank CBDC vs cryptocurrency

Central bank CBDC vs cryptocurrency

About CBDC

About CBDC

CBDC is Central Bank Digital Currency. It is introduced by central banks of the nations like US Federal Reserve, RBI of India and PBOC of China

CBDC features

CBDC features

CBDC is entirely created & monitored by central banks. It's secure, traceable and stable like the existing fiat currency.

Does it use blockchain?

Does it use blockchain?

Yes, CBDC uses blockchain technology to verify and store transaction data. However, it isn't decentralized like cryptocurrencies

Is CBDC a legal tender?

Is CBDC a legal tender?

CBDC is a legal tender in the near future but the same cannot be said about cryptocurrencies. Stablecoins are at risk of extinction after its introduction

Will Crypto gel with CBDC?

Will Crypto gel with CBDC?

Likely yes. If the central banks have a positive stand towards crypto adoption then CBDC should work similar to what stablecoins works for a blockchain

About eRupee

About eRupee

Checkout the latest news about RBI CBDC pilot launch

Also Read:

Also Read:

1..India NFT market

1..India NFT market

2..China CBDC

2..China CBDC

3..Its About Huobi

3..Its About Huobi

We're on You Tube

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