- Transactions: CBDCs can be used for transactions, similar to digital currencies. However, CBDCs are not decentralized, meaning that they are not managed by a decentralized network of nodes.
- Settlement: CBDCs are settled through the central bank's payment system, which ensures that transactions are processed efficiently and securely.
- Storage: CBDCs can be stored in a digital wallet, similar to digital currencies. However, CBDCs are typically stored on the user's device, rather than on a decentralized network.
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