What is a central bank digital currency (CBDC)?

A central bank digital currency (CBDC) is a form of digital currency issued by a country's central bank. It is similar to cryptocurrencies, except that its value is fixed by the central bank and is equivalent to the country's fiat currency. Many countries are developing CBDCs, and some have even implemented them.

What is a digital currency?

Digital currencies are part of that story, and central banks have started to take note. Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity.

How to buy central bank digital currency?

The most direct way is to purchase and hold the currency in a digital wallet. The steps below outline how to purchase digital currency through one of the current programs available. They should answer the question of how to buy central bank digital currency. The first CBDC program in the world was launched in the Bahamas.