What Are CBDCs?
Central bank digital currency, for short CBDC, is not just some dystopian future anymore. It’s already here.
The Fed recently announced a partnership with MIT to build its digital dollar. China first mentioned the prospect of a CBDC back in 2016, and it’s now in the final stages of development.
The CDBC race is well underway, with over 80% of the world’s central banks investigating their potential.
Make no mistake; at some point, it will replace all your banknotes in your wallet.
So what does it exactly mean for you?
CBDC plays an essential role in the so-called war on cash.
As the fiat currencies continue to fail, central banks and governments are doing anything they can to stop the inevitable from happening.
Let me break down to you some disturbing details and opportunities you probably didn’t know about.
Here are the good, the bad, and the ugly of CBDC:
Continue read: https://hackernoon.com/the-good-the-bad-and-the-ugly-of-central-bank-digital-currencies-or-cbdcs-2b213wi5