What Is CBDC & How Is It Different From Cryptocurrencies? - Beyond Just Money

As the world comes to terms with hyper-volatility in the cryptocurrency space, central bank digital currencies or CBDCs have gained traction. CBDCs promise what cryptocurrencies like bitcoin don’t. The former are backed by the central bank like the US Federal Reserve or the Bank of Canada. They act as legal tender and their values cannot be subject to wild speculation. Know more about CBDCs and how are they different from cryptocurrencies in this week’s Beyond Just Money.