Ways to exchange CBDCs for crypto

[MrSpasybo]

"The concept of CBDC has emerged as one of the biggest trends in monetary policy over the past two years, with countries like China and Sweden piloting digital fiat currencies. In mid-November, Deutsche Bank, the largest banking institution in Germany, predicted that CBDCs will replace cash in the long term.

Speaking at the Singapore Fintech Festival 2020 on Dec. 9, Buterin said that he expects a lot of ways to exchange CBDCs to cryptos like Bitcoin (BTC) as well as other digital tokens."

Article: Vitalik Buterin expects lots of ways to exchange CBDCs for crypto

We have recognized that stable coins are not objects to invest or trade for profits, but they are the perfect tools to protect crypto assets when the market fluctuates and makes it easier for everyone to enter the crypto market.
Thus, stablecoins are seen as a bridge between the traditional economy and the crypto economy.
CBDC is essentially the stable coin of each country. Temporarily ignoring the risks associated with the control of governments through their CBDCs, let's look at the values CBDCs bring to the crypto world.

First of all, from my point of view, I don't see CBDCs as cryptocurrencies, because they have not yet escaped the manipulative hands of the government. However, CBDCs are able to reach more users, helping them understand the value of crypto in relation to its high speed and low transaction costs. If traditional banks or crypto exchanges support CBDCs and cryptocurrencies simultaneously, everyone will be able to access and own crypto easily by directly converting assets in CDBCs to assets in crypto.

I don't think that governments will use existing blockchain platforms to develop CBDCs, they will create a blockchain on a small scale that is controlled by the server system of local banks. But cross-chain exchange platforms will maximize efficiency to make the CBDC/crypto swapping/transaction easy.

[kent47400]

In my opinion, if the CBDC rules are made difficult, then it is certain that in the future for cryptocurrency it will be difficult.
I don't really understand what is the meaning of CBDC, but I also don't know the abbreviation for CBDC, but I returned to the original rules.
If the initial rules are difficult for the cryptocurrency market, then CBDC will find it difficult to work together with cryptocurrency.

[KryptoBull]

CBDC can completely become the bridge for users to switch from traditional economy to stable coin before approaching the crypto economy. However, I don't think that governments will accept crypto easily. They will prevent it by imposing super high taxes, similar to crypto profits in PayPal, to protect the position of the CBDC they have issued.
For me the CBDC is just a way for governments to compromise with the people before rejecting the crypto revolution.

[TomPluz]

Central Bank Digital Currencies (CBDC) will just be the digital version of each countries' fiat money, nothing more nothing less. The drive to go digital has been there for  a long time but with the coming of cryptocurrencies central banks and their governments became more interested in its development. Yes, there can be a time when CBDCs can easily be exchanged for cryptocurrencies and vice versa under the premise that they are functioning as money.

[Senin]

Central Bank Digital Currencies (CBDC) will just be the digital version of each countries' fiat money, nothing more nothing less. The drive to go digital has been there for  a long time but with the coming of cryptocurrencies central banks and their governments became more interested in its development. Yes, there can be a time when CBDCs can easily be exchanged for cryptocurrencies and vice versa under the premise that they are functioning as money.

The degree of interaction between the digitized currencies of the central banks of states will largely depend on whether they are based on the blockchain and on which one. It will be most acceptable for a cryptocurrency if CBDCs use the blockchain of existing cryptocurrencies such as Ethereum. Then these CBDCs can be presented as a pair to cryptocurrencies on exchanges.
However, one of the most significant and anticipated CBDCs - the Chinese digitalized yuan did not work on the blockchain at all. I can't even imagine how it will interact with cryptocurrency.

[Paha87]

Speaking at the Singapore Fintech Festival 2020 on Dec. 9, Buterin said that he expects a lot of ways to exchange CBDCs to cryptos like Bitcoin (BTC) as well as other digital tokens."

Article: Vitalik Buterin expects lots of ways to exchange CBDCs for crypto

We have recognized that stable coins are not objects to invest or trade for profits, but they are the perfect tools to protect crypto assets when the market fluctuates and makes it easier for everyone to enter the crypto market.

That's definitely noticed. The main factor of success in learning to use cryptocurrencies in everyday life is the ease of understanding these processes. The easier it is for a person to understand the structure of the process, the more people will become users and will recommend this payment system. If they manage to make this currency CBDCs easy and accessible to use that will soon be interesting news.

[tsakf]

In my opinion, if the CBDC rules are made difficult, then it is certain that in the future for cryptocurrency it will be difficult.
I don't really understand what is the meaning of CBDC, but I also don't know the abbreviation for CBDC, but I returned to the original rules.
If the initial rules are difficult for the cryptocurrency market, then CBDC will find it difficult to work together with cryptocurrency.

CBDC stands for Central Bank Digital Currency. It is fiat currency, in digital form. It will do good for crypto, in the long run.

[UNIVERSE]

CBDC itself will be a stable coin right? If it is done will it be like USDT or other stable coins?
So far, it is still not clear enough about the concept of CDBC itself and we are still waiting for it.
However, will the CDBC really be the way for a country to get into a cryptocurrency?

[TomPluz]

The digitalization of fiat money is quite expected by many to start happening in this generation and this is going to be a long process as it is not that easy for the general population to get onboard the new age of money, banking and finance. Since CBDCs are actually more or less the digital version of the fiat money, they will surely be integrated as well with cryptocurrency exchanges. With this set-up, we can see CBDCs from many countries getting a more expanded market for their state-sponsored money. Will this be good? Well, I am not seeing anything bad with it except the big fact that countries which are control freaks have now easier access to data and information on their money and of course since they are digital assets that can be controlled by the state they can be a weaponized tool depending on the situation.

[eldial]

As this moment  CBDCs is not too familiar with me regarding the all coins displayed in the exchanges but if there is a time CBDCs will launched it properly in the blockchain and no reason it will demand for the investors using by it in the cryptocurrency to make potential in the market.