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What is CBDC?

CBDC stands for Central Bank Digital Currency. A CBDC is a form of electronic money or virtual money that is backed by a government's central bank unlike digital forms of money on bank accounts or payment apps which are a liability of a commercial bank. Unlike cryptocurrencies which use permissionless open networks, CBDCs use private permissioned blockchain networks.

How fast is CBDC growing in popularity?

Interest in CBDC grew 75% over the past year, compared to the year before, putting it at a current volume of 85K searches per month, as of last month.

Related Trends

Channel Breakdown

Discussion around CBDC is more prevalent on Twitter and TikTok where people are already talking about cryptocurrencies.

Top Searches Related to CBDC

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Top Questions about CBDC

  • how to invest in cbdc?
  • is cbdc a cryptocurrency?
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  • will cbdc be backed by gold?
  • are cbdc decentralized?
  • is xrp a cbdc?
  • is cbdc bad?
  • when cbdc will be launched in india?
  • will cbdc replace banks?
  • will cbdc kill bitcoin?
  • will cbdc use blockchain?