So, Bitcoin is great, huh? But why can’t I use it to buy coffee or pay taxes? While Bitcoin is a form of digital money, using it as a day-to-day currency maybe isn’t the most ideal. This use will likely be served by another type of digital asset: central bank digital currencies (CBDC).
Most countries are only exploring the idea of a fully digital currency, while others are already testing out implementations. But what makes CBDCs different from other digital assets? Let’s find out.