Central Banks want to launch CBDC digital currencies - CNBC

210 views  ·  Last viewed: 10 hrs ago
Uploaded: 10 Feb 2021   (6 years ago)  ·  Shared: 16 Feb 2021

Video Description (from Youtube)

Interest in bitcoin and other cryptocurrencies may be surging, but central banks don’t want to be left behind by financial innovation. In fact, more than 80% are examining how to launch digital

versions of their own currencies. CNBC’s Joumanna Bercetche takes a look at why these cautious institutions may soon be launching a revolution in how we think about money.

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Topics with CBDC, CNBC (2)

What is CBDC?
Central bank digital currency, CBDC or digital currency is the digital form of fiat money. Fiat money being a currency established as money by government regulation, monetary authority or law. The present concept of CBDCs was directly inspired by Bitcoin, but CBDC is different from virtual currency

and cryptocurrency, which are not issued by the state and lack the legal tender status declared by the government. CBDCs are presently in early hypothetical stage, with some proof-of-concept programmes.
Who are CNBC?

News on CBDC, CNBC (10)

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8.AppleOS and Google Android add Bluetooth COVID Contact Tracing into phones | CNBC
9.Elon Musk: Humans must merge with machines or become irrelevant in Artificial Intelligence age | CNBC
10.China to launch official CBDC digital currency in drive to Cashless society | Economist

Youtube Videos on CBDC, CNBC (11)

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Video: Connecting The Dots - Vaccine Passports, CBDC, Digital ID, and Cashless Society | HardNews TV4 Connecting The Dots - Vaccine Passports, CBDC, Digital ID, and Cashless Society | HardNews TV4   26:15
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