China’s National Digital Currency

No, Central Bank Digital Currencies (CBDC) are not at all “similar to Bitcoin”, nor technological progress. A centralised blockchain is just a slow and inefficient database.

First country to launch their CBDC, China merely nationalised WeChat pay and Alipay, with even more centralization and stricter limitations.

Value automatically decreases, funds expire and disappear, can’t send money to friends and family‚Ķ Central Bank dystopia!

Bitcoin fixes this.

Read full article here: https://www.nytimes.com/2021/03/01/technology/china-national-digital-currency.html