Are Central Bank Digital Currencies (CBDCs) Legit?

Written by stealthex | Published 2020/08/21
Tech Story Tags: cryptocurrency | central-bank-digital-currency | bitcoin | cbdc | digital-currency | digital-payments | cryptocurrencies | cryptocurrency-exchange

TLDR Central bank digital currencies (CBDCs) have been in the rumors since 2013, with China allegedly developing a government-issued centralized cryptocurrency to fight off the increasingly popular Bitcoin. CBDCs came in handy to scare the cryptocurrency public into fear and depression for being touted as an ultimate weapon that would destroy Bitcoin. But how real is the danger? And couldn’t it in fact turn out to be a blessing in disguise for Bitcoin and its brothers in arms over the long haul? A sober look into the reality of CBDC's seemingly brewing stand-off with cryptocurrencies is due and invited.via the TL;DR App

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Written by stealthex | Crypto exchange platform. More than 1500 coins to swap and buy. Floating and fixed exchange rates.
Published by HackerNoon on 2020/08/21