The Rise of the Inflation Resistant New Model Asset Based Economy Central Bank Digital Assets vs Central Bank Digital Currencies
Written by Antony Abell. CEO and Co-Founder of the TrustMe / TPX Property Exchanges Group of Companies in London. www.tpx-global.com
Central bank digital currencies (CBDCs) were recently the talk of the town until Silicon Valley Bank and Signature Banks both crashed and burned! CBDCs are being proposed by some as a potential replacement of fiat money and cash within our global banking and financial systems and to this end there are an estimated 85% of central banks which are now claiming to be currently working on developing their own CBDC projects. Although CBDCs can offer speed and efficiency (as well as the terrifying prospect of government programmable or expiring money!) they will never likely be a large part of the overall money supply due to their inability to hold value when denominated in a fiat currency based system alongside the essential lack of trust that many are increasingly placing in them.
Simply put, it is not enough to offer these when the systemic and endemic ‘value’ issues of our current fiat/debt economy are being challenged to such a degree that any efficiency gained would be at best hidden or…
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