The writer says no, but for reasons the reader may not expect! The writer spent 30 years in finance with 6 of those in a (merchant) bank with responsibility for preparing its financial statements and reports to the country’s central bank. Technical information is taken from the Bank of England’s ‘The digital pound: A new form of money for households and businesses?’[1] What Exactly Are CBDCs (Central Bank Digital Currencies) CBDCs Mimic Cash Digital wallets interact with each other, like cash swapping between physical wallets, and directly to bank accounts, again like cash, and with in-store devices, etc., and are […]
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