Quote from: Cookdata on December 26, 2024, 04:40:19 PM

Is the world still a place with CBDCs, the last I read a headline about it was in 2023. I'm not really sure if CBDC is the reason why we are going digital but policy changes are making business go digital. Last year, my country was trying to go cashless policy because the government was trying to mop the floor of the too many circulation of money supply but that didn't last upto 3 months before it was reverse as many people couldn't cope with the policy.

However, the government saw a huge influx of digital transactions it has not experienced in many years, till now some business are still doing digital transactions and also accept fiat as alternatives for people that don't have means to digital. The government abandoned the policy simply because they were not prepared for other people, like the people without internet access, it was disastrous for them. Not everyone can digital at once.

There are still a lot of places that are working on it, UK is doing it too. Plus, it is something that will end up working very well for most people, it is going to end up being quite good, there shouldn't really be anything that will take a long time, it's something that will take time and we can do this.

Also we need to realize that governments could make so much money from this and that has to be the key point here, because they know that it's great situation and that has to be the reason they are so interested in making more money and taking more money, that has to be the most important situation. WE need to realize that governments are all interested in making it as big as it gets and that's the trouble so it has to be the key.