Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale

Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale

Gate Trade News Wednesday, May 27, 2020 43 0

Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect.

Leading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). 

In a recent report, Grayscale suggests that CBDCs are an upgrade to the traditional digital payment infrastructure, while Bitcoin is an upgraded version of money itself.