What is a CBDC & bitcoin?

Coin Rivet will explain what a CBDC is and what Bitcoin is before delving deeper into the main differences between the two assets. What is a CBDC? A Central Bank Digital Currency (CBDC) refers to the virtual or digital asset form of a fiat currency such as USD, EUR or GBP.

What is CBDC (central bank digital currency)?

CBDC or central bank digital currency explained What Is a CBDC? A CBDC is a digital currency that is issued by a government and are usually a tokenized form of the country’s fiat currency. CBDC stands for “central bank digital currency,” a type of virtual currency that governments around the world are experimenting with and investigating.

Are CBDCs cryptocurrencies?

Though the idea for central bank digital currencies stems from cryptocurrencies and blockchain technology, CBDCs aren't cryptocurrencies. A central bank controls a CBDC, whereas cryptocurrencies are almost always decentralized, meaning they can't be regulated by a single authority, such as a bank. Does the U.S. Have a CBDC? Not yet.