CandleFocus Using a Bitcoin wallet for CDBC remittances
2024-10-03
Author: Content Editor
The article discusses the benefits and mechanics of central bank digital currencies (CBDCs). CBDCs are digital currencies issued by central banks, with financial institutions offering wallets and customer services to end users. Adopting CBDCs can bring efficiency, flexibility, privacy, and security to users. The Bitcoin SV (BSV) blockchain is mentioned as a suitable platform for CBDCs due to its privacy, governance, and auditability features. The article emphasizes the importance of wallet standardization and interoperability to allow easy access and transfer of funds across different wallets. It also highlights the need for a core technology that meets governance requirements and ensures traceability and immutability of transactions, with the BSV blockchain being touted as a suitable solution.
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