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RE: Ripple Getting Into The CBDC Game

in LeoFinance2 years ago

The entire premise of CBDC hinges on the idea that its adoption will be forced.
I think it's funny that so many people are worried.
99% of all crypto out there is controlled by a centralized entity.
Why would anyone assume that wouldn't extend to government?

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If CBDC is introduced as a card (like an EBT), but unlike EBT the currency is more like credits, then there is a lot to be fearful of. There will be no converting these credits into any other (more privately handled) medium. Government will know exactly how you wish to spend the money and will be able to directly regulate how and on what you spend.