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CBDCs Will Ruin Your Life and Make You Actually Prefer Cash (But Let’s Be Real It Won’t)

A  illustration of a person trapped in a maze made up of credit card machines and screens displaying transaction fees, surrounded by cash being blown away like confetti as a digital yuan coin floats above their head, symbolizing the potential for CBDCs to disrupt traditional payment systems. The background is filled with fragmented computer code and wires representing interoperability issues.

CBDC: Because ‘You Can’t Trust the Banks’ Was Already a Thing.

Source: bitcoin.com

The explosive growth of central bank digital currencies, expected to surge 2,430% by 2031, could revolutionize global payments, slashing cross-border transaction costs by billions. Juniper Research, a market research and consulting firm specializing in digital technologies and innovation, released a report on Monday, forecasting a massive increase in central bank digital currency transactions. The firm estimates that “by 2031, the number of global payments made using CBDCs (central bank digital […]

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