Central Bank Digital Currency (CBDC) is a digital form of a country's official currency, issued and regulated by the nation's central bank. Unlike cryptocurrencies, which are decentralized and often volatile, CBDCs aim to provide a stable and secure means of payment. They can be used for everyday transactions, just like cash, but in a digital format. CBDCs can enhance financial inclusion by making it easier for people to access banking services, especially in areas with limited banking infrastructure. They also have the potential to improve the efficiency of payment systems and reduce transaction costs, benefiting both consumers and businesses.