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Keep seeing "central bank" in crypto discussions but feel dumb asking - what exactly are these institutions and why do they matter for Bitcoin if crypto is supposed to be decentralized?
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Don't feel dumb - this is one of the most important connections to understand! Paybis' guide on central bank explains they're government institutions that control traditional money systems . They matter to crypto because their policies create the very problems Bitcoin was invented to solve - inflation from money printing, exclusion from financial systems, and centralized control. When central banks make decisions about interest rates or economic stimulus, it directly affects whether people seek alternatives like cryptocurrency. The guide shows how central bank actions actually drive adoption during times of economic uncertainty.
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The worst advise you can provide is to suggest a bank if you need to transmit a lot of payments, frequently, and fast. I moved to other banking platforms, methods, and solutions as long ago as possible. Integrating a crypto gateway is certainly one choice I can suggest. Crypto is also ubiquitous. It's the best option, in my opinion, for paying affiliates, freelancers, and workers worldwide.