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.
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.
Nothing will change...
Sounds bold, but... Let's find out what CBDC is, shall we?
If anyone WISHES that CBDC is a cryptocurrency from the government, or cryptocurrency freedom, then I have to disappoint you very much.... CBDC is an evil that not everyone has realized and not everyone understands. CBDC is TOTAL CONTROL, and total management of YOUR money without your consent !
Loans and credit cards are a “stealth” mechanism to profit from your every payment. You think you have paid 1 dollar/euro/pound/yen/..... but in fact you paid 95 cents and 5 cents goes to the banking system in their pocket as their profit.... And exactly the same will happen because the government won't ban the banks from operating