Central Bank Digital Currency

Central Bank Digital Currency (CBDC) is a digital form of a country's traditional currency, issued by its central bank. Unlike cryptocurrencies, which are decentralized and can fluctuate in value, CBDCs are stable and regulated by the government. They aim to provide a secure and efficient means of payment, enhancing financial inclusion and the efficiency of the payment system. CBDCs can be used for everyday transactions, just like cash, but in a digital format. They represent a modern evolution in how people can use and interact with money in the digital age.