Vitalik Buterin: in the future CBDC will receive conversion into cryptocurrencies
National digital currencies (CBDC) in the future can be easily exchanged for cryptocurrencies, says Ethereum co-founder Vitalik Buterin. He shared his expectations at Fintech Festival 2020 in Singapore, reports Cointelegraph.
“It's important to understand how CBDCs will interact with digital currencies. I expect many opportunities for fair exchange between different types of assets and the transition from one ecosystem to another, ”Buterin said.
The Ethereum co-founder expressed optimism about the development of national digital currencies, stressing that they will bring potential benefits, in particular, simplify the macroeconomics. At the same time, he is concerned about possible privacy issues.
During his speech, Buterin also touched on the topic of blockchain use cases. He believes that as scalability issues improve, the number will continue to grow and that they will find successful practical applications more often.
Recall that the developers of the non-custodial exchange IDEX recently suggested that direct settlements on transactions with assets in different networks will be available in "many, many" years.
Messari analysts have expressed confidence that Ethereum will continue to stand firm thanks to its community. They believe that this will prevent competitors who have created interoperable bridges with the network of the second largest cryptocurrency and are developing Ethereum-compatible virtual machines from achieving success.