What is the blockchain of CBDC?
CBDC, short for Central Bank Digital Currency, is a digital form of a country's official currency. Blockchain, as the underlying technology of CBDC, provides a decentralized, secure, and transparent ledger system. It enables efficient and programmable transactions, supporting various functions like cross-border payments and offline transactions. Through blockchain, CBDC aims to enhance financial inclusivity, track illicit activities, and offer a more efficient and modern payment system.
Does China have CBDC?
I've heard about Central Bank Digital Currencies (CBDCs) and I'm wondering if China has its own CBDC. Is there any official information or announcement regarding this?
Is CBDC a coin?
I'm confused about the concept of CBDC. I've heard it's related to digital currency, but I'm not sure if it's similar to the coins we use in our daily lives. Can someone clarify if CBDC is a type of coin or not?
Will CBDC run on XRP?
I am wondering if CBDC, the digital currency issued by the central bank, could possibly operate on the XRP ledger. Is there any technical feasibility or compatibility between the two?
Which banks are going CBDC?
I'm wondering which banks are currently exploring or have already implemented Central Bank Digital Currency (CBDC). I'd like to know which financial institutions are at the forefront of this digital currency trend.