❓ What is CBDC and how it will affect cryptocurrency
CBDC (Central Bank Digital Currency) is a digital currency issued by the central bank of the state and backed by its guarantee. CBDC is similar to the national currency, but exists only in electronic form and does not have a physical equivalent, such as banknotes or coins.
🔹 One of the main consequences of the introduction of CBDC for cryptocurrency may be a decrease in people's interest in it. Cryptocurrencies like bitcoin were created to bypass the centralized system of banks and governments.
However, with the advent of CBDC, people can get the same benefits that cryptocurrency offers, but with the guarantee of the government and the central bank, that is, they will not have to worry about following the USDC rate, but at the same time they will have to worry about the documents that confirm your income.
🔹 On the other hand, the introduction of CBDC may lead to greater popularization of cryptocurrency. To be convinced of this, you need to understand that CBDCs and cryptocurrencies are different things.
Cryptocurrency has such a term as "decentralization", which means they are not controlled by the government and the central bank, at least it used to be, now it's more like a myth. CBDCs are centralized and controlled by the government and the central bank.
🔹 So, while the introduction of CBDCs may have some impact on cryptocurrencies, they will still remain different types of assets.
Cryptocurrencies will continue to be popular among those looking for decentralized storage and speculation, while CBDCs will be of interest to those who prefer centralized and secure payment methods.
However, I personally believe that the road to the CBDC is already open, and there will be even more control over our money.
Slavery has not been abolished, it is and will be, it will just become even more ...
#DODOEmpowersMemeIssuance #Token2049 #OMC #NeiroOnBinance #BinanceLaunchpoolHMSTR
