Figure 18.4: Wholesale CBDC (Source: Consensys)

Wholesale CBDCs are relatively simple to architect and handle as

the number of parties involved are relatively less.

18.3.1.2 Retail CBDC

The retail CBDC can be associated with an account just like the

bank accounts or it can be anonymous, similar to cash. As shown in

Figure 18.5, the retail CBDC can be divided into three types, i.e.,

direct, indirect, and hybrid.