Guys, What do you think about Central Bank Digital Currency - Dollar/others?

May 26, 2021 at 00:22
Vistas 1,108
22 Replies
Miembro desde Nov 22, 2020   posts 2
May 26, 2021 at 00:22
What do you think about that?
Will it be useful in the future?
Is it good for the environment?
Will you be accepted into the world?
Does this have solid core concepts?
Miembro desde May 18, 2021   posts 13
May 28, 2021 at 07:27
I have not much idea about what’s going to happen with the central bank digital currency. But there are many predictions that say that these currencies might kill bitcoin. But the central bank will allow all the businesses to directly make e-payments. Instead of panicking we should just wait and see what will happen.
Miembro desde Jul 23, 2020   posts 759
May 28, 2021 at 16:14
CBDC is a good step toward the future payment system.
Miembro desde Nov 22, 2020   posts 2
May 28, 2021 at 16:53
urcondis posted:
I have not much idea about what’s going to happen with the central bank digital currency. But there are many predictions that say that these currencies might kill bitcoin. But the central bank will allow all the businesses to directly make e-payments. Instead of panicking we should just wait and see what will happen.
I agree with you that this will weaken bitcoin. I also think it may be the currency of the future as it will have a strong positive impact on the environment. Waiting and seeing the reaction is the best option.
Miembro desde Apr 29, 2021   posts 2
Jan 03, 2022 at 22:13
As a bank employee, I take digital currency very seriously. Because I work with her every day. People are constantly taking loans or somehow making cryptocurrency transfers in my bank. Most often, it is bitcoin. That's why I treat digital money like ordinary money. Yes, I agree. Just a few years ago, very few people knew about digital money at all. But now, when cryptocurrency is in great demand, it is simply impossible not to know about it. Although probably if I hadn't stumbled upon a vacant vacancy of a bank employee on the platform at the time, then I would be so well versed in cryptocurrency.
Miembro desde Feb 08, 2019   posts 213
Jan 18, 2022 at 21:31
It can't be good news for BTC
Miembro desde Apr 03, 2021   posts 470
Jan 18, 2022 at 23:08
I think CBDC as legal standing to regulated money circulation will become a big barrier for another payment gateway or cryptocurrency, however, how the public responds to them also will become a reason to determine adoption if CBDC has bad technology maybe will become a problem for the user, but if they having better technology maybe will make currency getting more flexible
Miembro desde Jul 23, 2020   posts 759
Jan 19, 2022 at 09:15
Central banks believe that the cost of issuing digital currencies is much lower than the cost of printing and distributing physical cash.
Miembro desde Apr 09, 2019   posts 538
Jan 20, 2022 at 09:39
I think as people become more familiar with crypto they will be more keen to keep hold of their private keys so they 'own' the crypto. I would think putting it into a bank is akin to a centralised exchange where they hold it for you and your don't have the private keys. Flip side of course is that they probably put millions a year into cyber security.
If you can't spot the liquidity then you are the liquidity.
Miembro desde May 25, 2020   posts 20
Jan 21, 2022 at 18:34
As far as I concerned, CBDC is indeed reasonably similar to the bills in your wallet. However, traditional methods of payment are too tedious nowadays. I guess digital representation of that value would be much more convenient and efficient. If a significant number of the bank's clients decide to hold CBDC instead of having a bank account like today, the bank would have less capital to give out loans, which would, in turn, make loans more expensive and potentially even not viable. The implication is that a thoughtless implementation of CBDC without mitigating actions could have a drastic and adverse effect on the economy.
Miembro desde Jan 10, 2022   posts 9
Jan 26, 2022 at 14:36
I think that CBDC is an interesting development that will only grow but it will not dominate other DC or fiat currency
Miembro desde Jul 23, 2020   posts 869
Jan 30, 2022 at 00:49
Banks and governments have been trying to digitize money for years. That's why much of the modern world works for online transactions and uses less cash currency.
Miembro desde Apr 03, 2021   posts 470
Apr 07, 2022 at 23:41
Now almost the central bank has a concept to making digital currency issued by CBDC, maybe this can make cryptocurrency weaken, but yes let's see what happens later, the world-changing to digital payment, but I think cash money like paper and coin still needed.
Miembro desde Apr 18, 2022   posts 51
Apr 19, 2022 at 10:39
We can expect swift, more efficient and safer payments. Also, convenient tracking of digital currencies. It eliminates the threat of commercial bank bankruptcy.

Miembro desde Aug 07, 2022   posts 1
Aug 07, 2022 at 05:37
Rally Nice Information I Like It cryptocurrency.
Miembro desde Aug 07, 2022   posts 4
Aug 07, 2022 at 16:07
It's really good news for BTC and ETH
Miembro desde Apr 03, 2021   posts 470
Aug 07, 2022 at 23:37
In my view CBDC appears because cryptocurrency mushrooming brings blockchain technology in fintech. CBDC ideas come from world institution central bank to issue digital currency regulated by the government through CBDC. Because it is legal by the government, the next question is infrastructure support is or not.
Miembro desde Apr 09, 2019   posts 538
Aug 08, 2022 at 09:09
I guess another way to think about it is our currencies are already becoming increasingly digital so would it make much difference?
If you can't spot the liquidity then you are the liquidity.
Miembro desde Sep 22, 2020   posts 12
Aug 27, 2022 at 19:34
There is a lot of news about this, it's contradictory of course, but I think it will end up being more traditional - some will make money and some won't - the usual.
Miembro desde Jul 08, 2020   posts 14
Aug 27, 2022 at 19:48
Apparently, this will evolve, why not... Especially something that has some basis in fact. At least if you look at the percentage increase in value of such coins, the dynamics look fascinating.
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