discuss Are Central Bank Digital Currencies (CBDCs) the Future of Money, or a Threat to Financial Privacy?

[ActionAce]

The Central Bank Digital Currencies are the future of money in my opinion. This digital currency promised us increased efficiency and financial inclusion. The best part is that it's even more convenient than the traditional method.

The only drawback is the privacy concern but when it’s developed with privacy in mind, then we can create a more inclusive financial system. What do you think?

 

[lens]

Central Bank digital currency is the future of financial transaction provided it is implemented with robust privacy measures in place. I find it to be more secure for our financial system.

 

[Yama]

During the Crypto boom in 2021, there were a lot of talks about CBDC. It was said a lot of countries were launching CBDC. China was even testing Digital Yuan. But today, we don't hear much about CBDC despite crypto market is booming.

 

[Apsara]

I once heard that our government is developing CBDC, but I am not sure how far they have gone. As far as I know CBDC is just a Fiat money on blockchain so it is not destroying traditional finance