@wandajagla82
Seen through a payments efficiency lens, CBDCs challenge Bitcoin by offering faster, cheaper, and legally recognized digital settlement within regulated environments. Governments can mandate merchant acceptance and integrate CBDCs directly into tax and banking systems, something Bitcoin cannot replicate. This weakens Bitcoin’s practical use in everyday payments, especially in developed economies. However, Bitcoin’s censorship resistance and permissionless nature remain unmatched, keeping it differentiated rather than displaced.
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