The stable digital currencies, also known as CBDCs have been gaining popularity in the last two years, especially after 2021 bull market.
Recently I was looking at some news about CBDCs implementation in Australia, and I was wondering if this is something that could cause trouble or confusion within a local economy as it moves forward. Countries like Canada have developed contingency plans for this system, although I'm not sure how small countries could be affected by this. What are your thoughts?
Link to the news as reference:
https://twitter.com/thetokenist/status/1556986345972809728?s=20&t=bpZZ56l23Rh3v40wykXckQMy question is to you does paper cash good for the economy? I do not find any difference between paper cash and CBDC expect their appearance. You can touch paper cash it has a physical form and you can not touch CBDC it's a digital form of paper cash. As long as govt has full control to print money and increase money circulation, the main problem in our economy inflation will not be solved.