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RE: What did you order for lunch? Looking DEEP into CBDC

in LeoFinance2 years ago (edited)

The weak link for people wanting to use digital money which is not of the CBDC variety remains that initial buy of cryptocurrency using fiat money tied to a bank account. For many of us here, we've already done that.

For people who have not done that prior to the CBDC going online, that's a problem due to KYC and AML laws. What these people will need is a newly-created and fungible medium of currency to be used as a buffer between the CBDC and the money they truly want to use.

Maybe we should see what the imaginative people involved in the "intoxicant" business come up with as a way for them to continue plying their trade.

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Crypto adoption levels are already sufficient for person to person transactions to distribute crypto to the the 85% who don't already have it without any need for on-ramps. Merchants can start accepting crypto for goods and services and acquire it that way.

Mass adoption of crypto could occur in a matter of weeks and governments couldn't do anything to stop it.