CBDC is useless
Published in
2 min readAug 28, 2022
CBDC or Central Bank Digital Currency is a copycat of cryptocurrency without privacy protection.
It is so useless that once it rolls out, no one will use it because everyone will be cautious about how your privacy has been tracked by the government 24/7.
Any payment company can do whatever CBDC claims it can accomplish unless the government wants to track everyone’s financial transactions.
What is CBDC?
It is a private blockchain that allows banks to directly approach individual users through a digital wallet that enables the government to record all transactions of a such individuals automatically.
It is a surveillance program to minor individual financial data without watching them 24/7.
