CBDCs and Their Impact on the Forex Market 🏦 What Are CBDCs? Central Bank Digital Currency Implementations are similar to cash, but they exist entirely online. You can spend, save or transfer them more efficiently than dealing with real-life bills or coins. CBDCs VS Cryptocurrencies 💻 CBDCs are controlled by the government and are worth the same as the regular money you use in that country. In contrast, Cryptos are decentralized and can be quite unpredictable. CBDCs could alter the way traders approach the forex market 1. Introduction of new instruments such as digital currency futures or options 2. Reduced arbitrage opportunities 3. Broader market participation and attract new market participants Stay ahead with LimePay, where we keep you informed about the latest advancements in digital payments and financial technologies. #LimePay #ForexMarket #CDBCs #DigitalPayments
