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99
US Congressman Warren Davidson Calls to Ban CBDC (watcher.guru)
posted 1 year ago by brain_dead 1 year ago by brain_dead +99 / -0
US Congressman Warren Davidson Calls to Ban CBDC
US Congressman Warren Davidson has called to ban CBDC and also criminalize any effort to design, build, and establish it.
watcher.guru
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▲ 3 ▼
– Imin-theinternet 3 points 1 year ago +3 / -0

It is officially rolled out right? Atleast the backend, but still active

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▲ 2 ▼
– brain_dead [S] 2 points 1 year ago +2 / -0

You want to see this. I believe it is roll out.

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▲ 1 ▼
– DIAFhillary 1 point 1 year ago +1 / -0

fednow could be a component of it. no one knows for sure, yet.

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▲ 1 ▼
– corrbrick 1 point 1 year ago +1 / -0

FedNow is not a CBDC, it is an instantaneous monetary transaction system.

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▲ 1 ▼
– Imin-theinternet 1 point 1 year ago +1 / -0

Ahh, so more like a framework or something to get the cbdc thing to work?

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▲ 1 ▼
– corrbrick 1 point 1 year ago +1 / -0

I think it's more of a way to stay competitive. Bankers have always been against instant transactions, because they "earn" interest in the three days it currently takes. It's only the advent of BRICS which is offering such transactions that is forcing their hand.

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▲ 2 ▼
– MyAquaEyes 2 points 1 year ago +2 / -0

Businesses should also refuse to accept it.

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▲ 1 ▼
– brain_dead [S] 1 point 1 year ago +1 / -0

I run an online business. I won't accept it through my website. I will accept crypto.

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▲ 1 ▼
– O9er 1 point 1 year ago +2 / -1

Good

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▲ 2 ▼
– brain_dead [S] 2 points 1 year ago +2 / -0

I would be very happy to see the day.

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