What Is Digital Currency?
Central Banks have the mission to maintain monetary and financial efficiency and stability in the public interest. The CBDC regulatory framework can stimulate competition and innovation in payments, according to the March 2020 Bank of England discussion paper. CBDCs could streamline payment systems by removing unnecessary intermediaries in payment processes by their very nature. One such challenge is the support of offline CBDC payments, and the article is complemented with a position paper from Thales describing how offline CBDC payments could be designed. It was interesting to me that when I visited Ireland shortly after the euro change and looked closely at the euro coins in my hand I noticed the countries had played their own little trick against complete homogeneity. Virtual Currency Different/better could mean privacy-preserving , accessible to the under-aged, without revenue conditions, without need for a bank account or a financial history, etc. The Bank of England has not