It is plainly obvious that cryptocurrencies have recently surged in popularity. The stigma associated with incorporating cryptocurrencies into different digital payment systems and financial infrastructures has gradually been dissipating, as seen by big corporations such as PayPal, Tesla, Visa, JPMorgan Chase & Co. and more as all of these institutions are now electing to invest in cryptocurrency and allow crypto trading. However, one must also recognise the growing popularity of CBDCs (Central Bank Digital Currencies) and their importance in the global financial sector, as it could be argued that CBDCs would present a direct challenge to the dominance exhibited by the cryptocurrency industry and markets as we see it today.
What CBDC‘s are and why they matter
What CBDC‘s are and why they matter
What CBDC‘s are and why they matter
It is plainly obvious that cryptocurrencies have recently surged in popularity. The stigma associated with incorporating cryptocurrencies into different digital payment systems and financial infrastructures has gradually been dissipating, as seen by big corporations such as PayPal, Tesla, Visa, JPMorgan Chase & Co. and more as all of these institutions are now electing to invest in cryptocurrency and allow crypto trading. However, one must also recognise the growing popularity of CBDCs (Central Bank Digital Currencies) and their importance in the global financial sector, as it could be argued that CBDCs would present a direct challenge to the dominance exhibited by the cryptocurrency industry and markets as we see it today.