Cryptocurrencies like Bitcoin (BTC) could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive.
While crypto is often associated with financial freedom, the concept of CBDC is frequently seen as the exact opposite.
“In my vision, the CBDC ecosystem will not be different, but we have a long journey ahead of us till we get there,” INX deputy CEO said, adding that balance between CBDCs and crypto would be a “master art.”
The news comes amid INX entering a partnership with authentication firm SICPA to help governments develop CBDC ecosystems.
As previously reported, INX was the first company to conduct a tokenized initial public offering approved by the United States Securities and Exchange Commission in 2021.
Mikkel Morch, executive director at the digital asset hedge fund ARK36, also believes that CBDCs do not pose any direct threat to cryptocurrencies like Bitcoin.
Source: Cointelegraph