Will Central Bank Digital Currencies Dominate the Market?
The global financial scenario is changing rapidly with the emergence of Central Bank Digital Currencies (CBDCs) and cryptocurrencies. State-issued CBDCs provide financial stability and improved governance, whereas are disrupting the status quo with decentralization and innovation.This white paper explores the fundamental differences, advantages, and disadvantages of each, contrasts worldwide adoption patterns, and balances potential future directions in which these digital currencies will compete or coexist. To anticipate the next generation of digital money, one must understand this changing landscape.The Digital Currency LandscapeCBDCs and cryptocurrencies are revolutionizing the financial sector. CBDCs...