Post
Topic
Board Bitcoin Discussion
Re: Why The Majority Of the Population Will Embrace CBDC's
by
Henrobakkara
on 17/03/2023, 16:34:33 UTC
A backlash, certainly by those that are well informed will happen  As for the general public that is less informed and a bit lazy/naive - it will depend on how is presented.   The government giving out CBDCs and being presented as way to:

1.  protect the US dollar against foreign adversaries
2. combat fraud and crime
3. Give tax incentives
4.  Insure against bank failures

The government can stylishly force this CBDC on people without them realizing it. What am I saying? Take Nigeria for example. The Government just had a redesign of their Naire mostly the higher Dinoomination and they have since introduced CBDC which is not really been adopted by the citizens. Still, now, even though they are printing new designs of the new Naira notes, they are printing less quantity and asking for the citizens to go more cashless. At some point, they might just find themselves automatically adopting the e-Naira since there is less cash in circulation.