Have you ever wondered what the future of credit/debit cards will be once CBDCs (Central Bank Digital Currencies) go public? People will no longer need to use a plastic card to pay for goods and/or services, as everything will be done through a mobile (or desktop) app. This means people will directly interact with the central bank for deposits and/or withdrawals. No need for middlemen like Visa or Mastercard. At least, that's what I think it will happen.
Do you think credit/debit cards will still be a thing after the launch of CBDCs? If not, why? Will payment processors like PayPal, Visa, and Mastercard survive? Your input would be greatly appreciated. Thank you.
CBDC's might become a real thing but they wont really that cease to exist or simply they would really be existing together with those CBDC's it would really be that too impossible that these businesses would really be gone to existence just because of such changes.They wont really be letting these things to happen on which their business would be out of nowhere just because been replaced by CBDC's.Do you think credit/debit cards will still be a thing after the launch of CBDCs? If not, why? Will payment processors like PayPal, Visa, and Mastercard survive? Your input would be greatly appreciated. Thank you.
WE do know that these institutions are really that long time been used and long time been on existence on which does simply means that they wont really be that losing their position
on this industry.
There might be some changes but doesnt mean that they would be out of existence just becausse of it. We do know that those giants wont really be letting themselves getting
left behind with this game. They would really be neither tending to adapt or tending to create something new.