After the recent outages in Spain etc, which brought commerce to a standstill, I hear the EU has been crowing that if we had the CBDC this wouldn't be a problem, as it will work without electricity.
Everything works with electricity!
If power fails everything fails:
- you can't use bitcoin or dogecoin because you can't broadcast a transactions
- you can't use a CBDC because of the same thing
- you can't use a card because all the banks are offline
- and surprise, you can't use cash because every chain store runs on electricity and they will not be able to issue receipts not will a cashier do the math for your groceries and then wait two days till the power is restored to do the balance for all those payments.
Other than mom&pop shops with low volume that will take cash nothing else will run, every big business would rather lose than order their staff to take money and write it down in notebooks only to insert another day in the system, it's way too much trouble for one day of income.