CBDC vs Crypto: Divining the Future of Digital Payments
Tom Spencer
FEBRUARY 4, 2022
With the emergence of cryptocurrencies in 2009, the financial industry has experienced major disruption. This invention acted as a catalyst for many subsequent innovations, which came about by building on the revolutionary blockchain technology, or by reacting to it. A prime example for this phenomenon are Central Bank Digital Currencies ( CBDCs ). As opposed to cryptos, CBDCs are considered to be fiat money; government issued currency that is not backed by gold or other physical commodities.
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