Subnostr

Kristalina Georgieva, General Manager at the #IMF, from minute 26:00 talking about 3 benefits for #CBDC at a round-table in Rabat, #Morocco

1) More people access to financial services and bring costs down

2) can provide more efficient and resilient payment system

3) quicker and cheaper for cross border payments / remittances

👀 Sounds like #Bitcoin ?! 👀

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It’s only one argument anyway:

Quicker + cheaper => more efficient => bring cost down

correct yes.

Question remains, „why“ this needs to be in central hands.

I don’t see rational arguments for that.

Especially knowing that EACH country plans the CBDC slightly differently. They are technically not the same.

NGMI