ECB Believes CBDCs Will Replace Bitcoin

According to a study conducted by the European Central Bank, national digital currencies (CBDCs) have a higher potential than Bitcoin.

In addition, such tokens will be able to even push decentralized cryptocurrencies into the background in the future.

According to the regulator’s analysts, CBDCs will solve many problems that arise in the implementation of international financial transactions.

However, commercial banks that act as intermediaries between senders and recipients of funds can also suffer. Therefore, a model of the least painful modernization of the payment infrastructure is needed.

Bitcoin transactions are more complex in their mechanism than transactions with central bank tokens. Other than that, BTC has big performance issues. At the same time, for some reason, the bank’s analysts have not considered it necessary to pay attention to the LN network and the Taproot update.