• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home OP-ED

What does a CBDC future look like

Camomile Shumba by Camomile Shumba
December 17, 2020
in OP-ED, Altcoin News
4 min read
CBDC
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL:DR Breakdown 

  • CBDC’s are growing in popularity. 
  • Many countries are contemplating going CBDC. 
  • The IMF is predicting a global digital reserve. 

What does a CBDC future look like 

empty street at night

There has been a lot of news about central bank digital currencies ( CBDC’s). Banks are at crossroads. Due to growing cryptocurrency adoption banks have to decide to join the crypto world or struggle to survive.

Bitcoin, which launched 12 years ago, has surged in popularity so much so that it’s price continued to rise. Thanks to BTC, many other cryptocurrencies popped up.

RelatedPosts

Stellar Price Prediction: Is XLM/USD pair set to break above $0.30?

Stellar price prediction: XLM towards $0.5, analyst

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

Chainlink price reaches ATH

BTC brought along the blockchain. Blockchain has since been innovated to be able to do wonders.

Crypto wallets and exchanges erupted to help keep cryptocoins safe as well as change them into cash.

The emerging crypto world is a threat to the bank because BTC exists to replace the reserve currency. The saying goes if you can’t beat them join them. 

A CBDC uses blockchain to form a digital currency which much like cryptocurrency replaces the fiat currency. The only difference between CBDC’s and cryptocurrencies is that the former is issued to be centralized and regulated by a monetary authority.

CBDC’s digital currency then represents a countries currency. 

Who is adopting one and why 

brown wooden map board

Many countries have declared that they will launch a CBDC, but China appears to be ahead of the game. China has already launched a digital yuan and has been successful so far.

Other countries like Canada, France, and Australia have declared they are en-route to release their own crypto. Many others are still pondering the Crypto path. 

The International monetary fund 

close-up photo of assorted coins

Altcoins have not only had an impact on CBDC’s, but the dollar may lose its influence. The international monetary fund has released a report suggesting that soon the dollar will not be able to be the dominant reserve currency.

The IMF is proposing that countries will lean on stable coins. Stablecoins are cryptocurrencies which are linked to money of any kind.

The IMF suggested that while stable coin demand could push for the fiat currency to remain popular, this is less likely. What is most likely to happen is that there will be more than one main digital reserve currency. What the IMF is pointing to is a world where everyone uses digital currencies. 

It is most likely that CBDC currencies will go from being an idea to something that banks put into action. Banks should feel threatened by the growth of cryptocurrencies because if they dominate, the fiat currency will cease to be useful.

If banks want to survive the emerging digital landscape, they will likely adopt the CBDC and explore its benefits. There is a lot of money to be made by operating as an exchange too for the growing digital landscape as well as finding ways to manipulate blockchain and teach its powers to others.

Countries can gain from a CBDC world as it unlocks them to a digital realm with more possibilities. Cryptocurrency is a route that banks can take to leave behind their troubled past once and for all.

Tags: cbdccryptocurrency tradingcryptomarket
Camomile Shumba

Camomile Shumba

I am a freelance journalist that is always learning and investigating. I explore how current issues affect you. My training in journalism has enabled me to write thorough and compelling content.

Related Posts

Stellar Price
Altcoin News

Stellar Price Prediction: Is XLM/USD pair set to break above $0.30?

January 25, 2021
Stellar price prediction XLM towards $0.5, analyst
Altcoin News

Stellar price prediction: XLM towards $0.5, analyst

January 21, 2021
Stellar Lumens price
Altcoin News

Stellar Lumens price prediction: Price fails in crossing above $0.3200, what’s next for XLM?

January 19, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

January 27, 2021
Tether

Tether USDT: What happens if the stablecoin collapses?

January 26, 2021
Cryptos

Cryptos banned: Russian government officials will no longer own digital currencies

January 26, 2021
Litecoin price

Litecoin price prediction: LTC to fall to $120.00 support level

January 26, 2021
Bitcoin

Bitcoin supply crisis could spark a hike in BTC price

January 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.