A digital form of sovereign currency issued and regulated directly by a nation's central monetary authority. Unlike decentralized cryptocurrencies, it operates on a centralized or permissioned ledger controlled by the state. IT infrastructure for these systems requires massive transaction throughput, extreme fault tolerance, and cryptographic non-repudiation to handle a nation's daily commerce.
Heard on the job
The new payment gateway API includes test endpoints for the upcoming CBDC rollout.
Also heard as
- central bank digital currency