November 27, 2020

How CBDC Will Replace Cash: Experiment To Programmable Money

The current outbreak of coronavirus disease has significantly accelerated the development of central banks digital currencies (CBDC). It is easy to check with the growing number of projects and the recent first official launch of digital currency in the Bahamas. Moreover, Deutsche Bank analysts say that in the long term, CBDC can replace cash.

Looking forward, we can imagine an entirely new architecture for money — a step as important as the invention of a credit card. Moreover, this type of money will have a new key feature – programmability. We deep dive into CBDC, what it is, how it works, and what may happen next.