## CBDC: how central banks create the money of the future
Central banks around the world are actively developing their own digital currencies — this is a sovereign payment medium of a new generation. Unlike cryptocurrencies, the value of such currency is pegged to the state and corresponds to the national fiat currency. The essence is simple: CBDC is electronic money issued by the central bank directly.
**Why Central Bank Digital Currencies are Needed**
The implementation of CBDC addresses several issues of the modern financial system. Firstly, these currencies reduce the costs of maintaining
View OriginalCentral banks around the world are actively developing their own digital currencies — this is a sovereign payment medium of a new generation. Unlike cryptocurrencies, the value of such currency is pegged to the state and corresponds to the national fiat currency. The essence is simple: CBDC is electronic money issued by the central bank directly.
**Why Central Bank Digital Currencies are Needed**
The implementation of CBDC addresses several issues of the modern financial system. Firstly, these currencies reduce the costs of maintaining