Part 2/10:
There exists a common misconception that CBDCs will function solely as programmable money directly from central banks. In reality, governments have discovered the benefits of partnering with private companies to execute this strategy. Following the unsuccessful CBDC rollout in Nigeria, a new playbook emerged. Governments now prefer to act through private entities to mitigate potential civil unrest, enabling them to maintain greater control without facing the backlash traditionally associated with government interventions.