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CBDCs Could Be The Key To A Broad-Based Blockchain Payments System
Summary: AMBcrypto states, after it's announcement to launch the Libra, Facebook initiated talks about a central backed digital currency (CBDC) with China leading the race. Reports range in opinions stating that central banks are the future for digital money because they provide benefits like cheaper cross border remittance and innovation in retail markets. Other reports predict ...
AMBcrypto states, after it's announcement to launch the Libra, Facebook initiated talks about a central backed digital currency (CBDC) with China leading the race. Reports range in opinions stating that central banks are the future for digital money because they provide benefits like cheaper cross border remittance and innovation in retail markets.
Other reports predict that if the central bank does not issue their own digital currency then the market will rely on "private payment tokens." A third report states, CBCD's could be superior to cash because there are countries that find it expensive to create and distribute physical cash.
By Claudia Rivera
Tags: Central Backed Digital Currency,China Libra,Cryptocurrency,Facebook,race
Link: CBDCs Could Be The Key To A Broad-Based Blockchain Payments System [Copy]
