Will central banks create their own digital currencies?

[pelana vreo]

I think what guarantees that CBDC will be realized soon? It seems that the government has started to panic about the development of cryptocurrencies, I'm not worried about the existence of CBDC, even though they make digital currency, crypto is still growing and will always exist, CBDC definitely makes digital currency, but that is not a barrier for crypto to make coins stable what they want.

[de_prof]

I think what guarantees that CBDC will be realized soon? It seems that the government has started to panic about the development of cryptocurrencies, I'm not worried about the existence of CBDC, even though they make digital currency, crypto is still growing and will always exist, CBDC definitely makes digital currency, but that is not a barrier for crypto to make coins stable what they want.

I think CBDC will not grow like crypto currency, because It's not anonymous like other.
Because we know many investors prefer in crypto currency because they could save their assets safety and cannot be tracked.
I think It's the reason why.

[Speaker]

CBDC is just another form of money, like your funds on a bank card. Most likely it will be fixed-price dollars.

[Fenix]

CBDC is just another form of money, like your funds on a bank card. Most likely it will be fixed-price dollars.

No, most likely every state will want to have a national CBDC. This will significantly increase the efficiency of their non-cash payments in the national currency. CBDC is non-cash money of the state. And they will have practically nothing to do with cryptocurrency. The population of this state will also use CBDC, as it has been using non-cash payments of the state until now. Even they will be more popular than previous non-cash payments, as they will be superior in many ways.

[Alcor]

What are your thoughts about the central banks’ digital currency? Will it be a threat to Bitcoin or could it give Bitcoin a boost?

Of course, almost all states will issue their own digitized national central bank stablecoins. There is not even a doubt about this. It is not even clear yet why they are delaying their release. After all, the efficiency of the work of conventional non-cash payments of fiat money in this case grows significantly. Most likely, some states are in no hurry to create their own CBDC in order to see the practice of their use in other states, and also due to the fact that this is a completely new type of financial asset and haste is inappropriate here.

CBDCs will not have a significant impact on cryptocurrencies, including bitcoin, since they are completely different financial assets. Just as the non-cash payments of governments did not have any significant impact on the cryptocurrency, there will not be such an impact from the side of the CBDC.

[Speaker]

CBDC is just a new form of money with which it is even easier to track all our actions and purchases and automatically deduct tax.

[zilzylian]

This idea was first carried out by China, I know the intent of CBDC is to reduce paper money transactions and want to make payment transactions easier, but will it be transparent and the same as crypto, I don't think so.

Some countries want to do CBDC but they prohibit the use of crypto for transactions, I keep my assets in crypto and believe that crypto will be used as a legal transaction in the future.

[Probal Deep Moran]

In CryptoGaming, Crypto gamers can earn non-fungible tokens (NFTs) or cryptocurrency by playing and winning a game, and those digital assets then become the property of the gamer.

[Speaker]

Yes, but it will be different with the currencies of central banks)

[therozaq]

I don't think central bank will create digital currencies.
Because crypto will be the future currency
Many people predicted about it.
I think crypto world will shine

[KaliLinux]

I think that with the Digital Yuan project that China has created, it will soon be followed by other countries' Central Banks. Because this crypto is very fast spreading freely. So I am sure that soon there will be other projects such as Digital Yuan from various countries.

Point of correction, CBDC is not a crypto and if we keep calling it that, people or investors mostly newbies that don't understand might actually think this is a cryptocurrency and again I don't think it is fast spreading as you say.

There are nine countries that have fully launched a central bank digital currency (CBDC). Eight of the nine countries are located in the Caribbean. Nigeria and its e-Naira became the latest country to institute a CBDC. It is the first country in Africa to create a CBDC.

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This is just a digital form of the country's fiat currency and the same value nothing more. In a country like Nigeria, this is not even popular in usage yet but may be in the coming years as the Government is trying to make transactions cashless, maybe adoption might increase but you cannot trade it like any Cryptocurrency.

 

[Citysatoshi]

There are already countries in the world that has launched their CBDC digital coins, and many countries has concluded plans to launch their CBDC. I think this is the channel that the central banks in the world will come into cryptocurrency and the blockchain technology. It has been researched that the blockchain is an excellent technology and the  central banks has no options than to come into it through its own CBDC strategy.

[KaliLinux]

There are already countries in the world that has launched their CBDC digital coins, and many countries has concluded plans to launch their CBDC. I think this is the channel that the central banks in the world will come into cryptocurrency and the blockchain technology. It has been researched that the blockchain is an excellent technology and the  central banks has no options than to come into it through its own CBDC strategy.

The Central Banks in the countries that are aiming on launching their own CBDC around the world are not really adopting cryptocurrency but rather looking at using their CBDC to block the adoption of cryptocurrency. They might be using Blockchain technology which can also be used in many other aspects of the economy from medicine, Agriculture, transportation, etc. CBDC and Cryptocurrencies are two different things, you cannot trade it like you do crypto as I have stated in my previous post here which I believe is the most attractive aspect of all Cryptos.

[Jaephoenix]

Well, this aged well. Central banks are now currently minting CBDCs and it is getting a lot of attention from many governments who dont want to mint cash again. I think it is a good intention, all in all

[Speaker]

This is just a necessary and necessary measure to adapt the traditional financial sector to changing realities