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RE: Three Reasons For The Banking Industry Collapse

in #banking • 3 years ago

Only if people buy into them. If people opt not to use them, then the power is diminished.

One thing working in crypto's favor is the USD will be hard to convert to a CBDC. More than half the physical dollars are outside the United States with a few other countries using it as their currency.

This could slow the entire process down.

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3 years ago in #banking by
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     3 years ago  

    Ah yes, the international factor is an interesting point!

    The truth is no one can really control economies, especially not now!

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       3 years ago  

      One thing working in crypto's favor is the USD will be hard to convert to a CBDC. More than half the physical dollars are outside the United States with a few other countries using it as their currency.

      It's true, and yet that never occurred to me. The longer these CBDCs take to go online the better. Let's see what crypto does in the meantime.

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