Tag: central bank digital currency

Cryptocurrencies have become increasingly commonplace over the past few years. Ever since Bitcoin’s dramatic price rally during late 2017, the notion of crypto and digital currency has become widespread all over the world. However, the cryptocurrency sector is not the only example of digital currency. Central banks are waking up to some of the advantages offered by cryptocurrency and are instead looking into the Central Bank Digital Currency (CBDC) field. So far, traditional central banks have printed physical fiat currencies, and banks have provided financial services to consumers.