Gleb Lisikh -- C2C Journal
November 12, 2023
Most of us might think that -- what with credit cards, e-transfers and online banking -- money has pretty much already gone digital.
But the Bank of Canada is busily working on a much bigger transformation. Canada is one of more than 100 countries worldwide that are studying, developing or even implementing central bank digital currency (CBDC).
CBDC is marketed as a convenient replacement for cash once it disappears from use, as a way to provide access to financial services for the “underbanked,” and as a bulwark against volatile cryptocurrency.
Contrary to its billing, CBDC is both unnecessary and dangerous.
(more)
READ MORE: C2C Journal