Will CBDCs be the future of crypto?

Shorter answer: no.

Short answer: they will be a part of it.

Long answer: first of all, what even are CBDCs?

CBDCs, or Central Bank Digital Currencies, are stablecoins that are managed by central banks. They are a sort of hybrid between decentralized cryptocurrencies like Bitcoin or Ethereum and fiat currencies the US Dollar or the Euro.

CBDCs are very much a nascent concept, and not a lot of them exist yet. Most are still in a proof of concept stage, and that means we don’t know a lot about them.

You can find the full article below, and where we take a look at what we do know, and here are the titles for the sections:

Will CBDCs be on the blockchain?

Can it be crypto if it’s not on the blockchain?

CBDCs, in one shape or another, are happening

Just look at the map.

You may not have heard a lot about it, but the e-Naira is already running, and it’s actually seeing some pretty interesting adoption numbers. The Bahamian Sand Dollar is almost ready to celebrate its first birthday.

We have no idea what the real role of these currencies will be in the global landscape.

We do know we’ll be ready.

Will you?

Are you already accepting crypto in your webstore? Are you already invoicing in crypto?

Maybe you should consider it. 

If you want to read the full article, just click here.