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CBDC or CBD? …That is the question!



During the recent 2021 BAFT Global Payments Conference there were sessions on Central Bank Digital Currencies (CBDC) and Cannabis Banking and Payments. Thinking about it later, I was struck by both the contrasts, similarities, and analogies between these two very disparate topics.


Cannabidiol, better known as CBD, is one of over 100 chemical compounds known as cannabinoids found in cannabis or marijuana plants. CBD is not psychoactive. Cannabidiol is a popular natural remedy used for many common ailments.


A CBDC is an electronic form of central bank money that could be used by households and businesses to make payments. A CBDC uses an electronic record or digital token to represent the virtual form of a fiat currency of a particular nation (or region).