Link didnt work. Was interested to read this one. I get the issue, but are they not allowing people to just purchase using credit/debit? How are they forcing people into the CBDC? Is there incentive? Are they refusing to accept credit/debit, and cash?
Just in case you haven't pulled your money out of the banks yet...
The banks are paying up to 4% APY interest rates to try to entice you to put more money in the banks.
I'm guessing their thinking is, "if we can do it there we can do it anywhere". Countries like Nigeria have huge informal economies, all using cash.
Testing ground. Discover the bottlenecks before rolling out to giant markets. SOP
India is next for the rollout
Link didnt work. Was interested to read this one. I get the issue, but are they not allowing people to just purchase using credit/debit? How are they forcing people into the CBDC? Is there incentive? Are they refusing to accept credit/debit, and cash?
Once your money is all digital, they will ban all withdrawals and the jews will take off to the Bahamas like your boy Sam Bankman Friedman.