When we talk about cryptocurrencies, our minds often zoom in on Bitcoin, Ethereum, and their borderless, decentralized nature. But a subtle shift is underway in the global financial landscape. Central banks worldwide are actively developing and piloting CBDCs – Central Bank Digital Currencies, a novel form of state-backed digital money. They are the digital equivalent of fiat currency, crafted to enhance the efficiency of payment systems, boost financial inclusivity, and might even revolutionize how monetary policies are executed.In this video, we will delve into how CBDCs work, how they can integrate with current financial frameworks, and how they might alter our everyday payments and financial transactions. Moreover, we will discuss how CBDCs differ from privately-issued stablecoins and other decentralized cryptocurrencies.Join us as we delve into this cutting-edge topic in financial technology.