From my perspective, by 2025 CBDC’s will begin to be introduced, initially in conjunction with cash. But the long term objective is for the abolition of all tangible financial assets to be replaced with intangible wealth. The BIS attempted to convey in their annual report that a CBDC would prove as a ‘digital complement to physical cash‘. Perhaps to begin with, but nobody should deceive themselves into believing that cash has any sustainable future if and when CBDC’s are offered to the general public.Stable coins are easy to do.
The central banks are not doing digital currencies to eliminate cash they are faking it to remove the threat of digital cash. They want paper cash, just like the author.
Paper cash is gone, we are doing digital bearer notes, counterfeit proof pure liquidity. Once the stable coins become common, we can do pure digital liquidity using security in the Apple iPhone,m for example. All the banks fear this, it potentially removes their monopoly on banking.
No comments:
Post a Comment