Coinmonks
Published in

Coinmonks

CBDCs: A Cyberpunk Dystopian Nightmare

Image: free download from Pixabay (by geralt)

The CBDC Financial Dystopia

Source of Image: Free Download from Pixabay

Debt to GDP ratio

There used to be an alarm ringing on any economy when its debt was reaching the ceiling and measures had to be taken from governments to cut back spending.

Source

Control, Censorship & Financial Surveillance

Source of Image: Free Download from Pixabay

What changes will CBDCs bring?

Source of Image: Free Download from Pixabay

CBDCs are not Cryptocurrencies

Source of Image: Free Download from Pixabay

Crypto adoption is lethargic

Ten years later, crypto has not been adopted by businesses. Most of the adoption comes from crypto-cards that are Visa/Mastercard and connected an exchange like Coinbase, Crypto.com, or Binance with a bank.

Final Thoughts

Source of Image: Free Download from Pixabay

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store