Central banks are rushing to build digital currencies. What are they, and what do they mean for you? | MoneyWeek

https://moneyweek.com/investments/alternative-finance/bitcoin/603073/central-bank-digital-currencies

A CBDC is considered to be a variant of cryptocurrencies, although stark differences exist. In reality CBDCs contradict the core principles of cryptocurrencies –after all, bitcoin was introduced in 2009 to be free of control by central banks.

A CBDC is a blockchain based digital currency launched by a central bank. They have no investment value –so unlike bitcoin’s claim to be “digital gold” – and will serve the purpose of transferring value via digital transactions. Cryptocurrencies normally use a decentralised blockchain, meanwhile CBDCs are centralised in nature and will use “permissioned” blockchain networks, paving the way for central banks to monitor the activities of network participants on the blockchain.

The One World Currency will soon be up and running.. Brace yourselves for what’s coming..

Please repent and accept the free gift of Jesus Christ’s death on the cross for payment for your sins..

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