Re: Do you think CBDC's will be interchangable with cryptocurrencies?
So if a new monetary system is set in place after a financial collapse and they start to issue CBDC, do you think exchanges will accept them and open markets where they are paired with cryptocurrencies?
I guess it will exist with CBDCs and bridges between banks and exchanges. Bridges can be Escrow or CBDC wallets on exchanges. It is the same to centralized exchanges, where you can bind your account with bank account. Then make fiat deposit to your wallet, and use it to tradeRemitano is one of such exchange with fiat wallets and crypto wallets. Remitano Wallet and What can you do with it?
When you sign in your bitcoin exchange and then go to your bank's website and make a "digital" transfer of fiat to that exchange you are already using "Central Bank Digital Currency" and it is easily dumped for bitcoin as long as the bank doesn't cause any problems for its users. I don't see why this should change in the future if they change the database they use for their CBDC!
It is what bank system used to credit digital number to bank account balance.Governments called bitcoin and cryptocurrency are virtual currency. They are creatively used the term 'virtual' for cryptocurrency in general.
What are differences between the number in bank account now (with fiat) and in the future with CBDC (digital fiat)? They are all created by governments and credited to bank accounts under law regulations from governments & central banks.
Real fiat, real digital fiat, real CBDC, what are they? They are only different in physical means: paper, polymer, metal, digital. Fortunately they are worse than bitcoin.
