What are the importance of the Central Bank digital currencies?

[Reedex]

The Central Bank digital currency represent digitalization of money and it gives a lot of possibilities of digitalizing the fiat currency. One of the most important thing behind the Central Bank digital currency project is that it addresses the rise in digital payments and it serves as a digital counterpart to the physical cash .

 

[Nite]

By introducing a Central Bank digital currency, governments and central banks are able to keep up with the changing landscape of financial transactions and ensure that they remain in control of the monetary system.

 

[riberet19]

The Central Bank digital currency represent digitalization of money and it gives a lot of possibilities of digitalizing the fiat currency. One of the most important thing behind the Central Bank digital currency project is that it addresses the rise in digital payments and it serves as a digital counterpart to the physical cash .

How are these currencies different from the eCash we have today? let's not confuse it, money is already digital mostly, CBDCs are just a tool of control, programmable and arbitrary money.

 

[Suba]

CBDC is decentralized so it is easily controlled by central banks, it is also very meaningful for society as a digital transformation. There is transparency in CBDC holders, the main purpose of CBDC is to limit cryptocurrency so that it does not interfere with the circulation of fiat money.

 

[nomad]

I do not see any importance, it is just a method government is trying to use so that common people would stop using crypto

 

[Nite]

One of the most important thing behind the Central Bank digital currency project is that it addresses the rise in digital payments and it serves as a digital counterpart to the physical cash .

Rise in digital payments is a significant factor driving the need for a Central Bank digital currency. Additionally, having a Central Bank digital currency can help to ensure financial inclusion by providing access to banking services for those who may not have traditional bank accounts.