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The invention of Bitcoin was a technological breakthrough that disrupted the status quo. When Bitcoin was first created, central banks thought they could safely ignore it.
As Bitcoin adoption gained momentum, central banks were forced to pay attention and try to understand what Bitcoin means for the roles of central banks and the technology they use.
In recent years, central banks have converged on the point of view that there are aspects of Bitcoin that they can and should incorporate into their processes and underlying software.
CBDC (central bank digital currency) is a catch-all term for a central bank-issued currency that incorporates elements of cryptocurrencies into its operating model.
Since money is already digital, why are governments considering CDBCs