Central Bank Digital Currency (CBDC) and Application Development

Abstract

Abstract: The notion of Central Bank Digital Currency (CBDC) exemplifies a transcendent form of a nation’s sovereign tender, fashioned and presided over by its central banking authority. A marked departure from tangible banknotes and coinage, CBDC emanates as an ethereal presence, accessible via the conduits of digital wallets and an array of electronic platforms. This avantgarde metamorphosis signifies a profound pivot in the global financial arena toward an era of unbridled digitization and modernization.