When you lose access to YOUR money, you lose control of your freedom. Soon your money will be turned on and off by a switch.
Your country’s fiat currency is transitioning into programmable digital currency. Cash will soon become obsolete. The government will have complete control over how you choose to spend your digital dollars.
Digital dollars are programmed to tell you what you can buy. For example, it’s time to food shop. The government can program digital dollars only to purchase specific food items. If you want to spend programmable food digital dollars to buy personal care products, you will not be able to. People will not be able to buy what they want. Their purchasing freedom power will be gone.
What is and what is the meaning of CBDC? CBDC stands for Central Bank Digital Currency. CBDCs are programmable digital money.
CBDCs are not cryptocurrency.
CBDCs, or Central Bank Digital Currencies, are digital versions of fiat currencies issued and regulated by central banks. Unlike cryptocurrencies like Bitcoin, which are decentralized and have no centralized regulatory authority, CBDCs get backed by a government or banks and can be legal tender for transactions.
CBDCs can operate on different types of technology, including blockchain, distributed ledger technology, or centralized systems.
There are several potential benefits of CBDCs, including increased financial inclusion, faster and cheaper cross-border payments, and enhanced security and transparency in transactions.
CBDCs can help central banks better control monetary policy by allowing them to track money more accurately and adjust interest rates accordingly.
However, CBDCs also raise some concerns, such as the potential for increased financial surveillance, threats to privacy, and the risk of cyber attacks or technological failures.
If you want to learn more about the transition of a new monetary system, watch the video below.