There's an EVIL NEW financial system coming & YOU CANNOT ESCAPE IT!
Unlike traditional currencies, CBDCs employ blockchain technology and distributed ledger systems to create a decentralized and secure method of transaction. This represents a significant step in the evolution of money, merging the benefits of digital systems with the stability and regulatory oversight of government institutions.
Their introduction could potentially revolutionize financial systems by providing better monetary control, reducing the cost of cash management, and increasing financial inclusion. However, they also introduce new challenges for central banks, such as managing digital security risks and adapting regulatory frameworks to accommodate this new form of currency.
There are two broad categories of CBDC can be distinguished: general-purpose or retail (CBDC-R) and wholesale (CBDC-W). The private sector, non-financial customers, and enterprises might all potentially use retail CBDC (e-R), but wholesale CBDC (e-W) is only intended for certain financial institutions.
There are some new terms that you need to know and in this video Ed and I cover off these important points.
===
💥 Sub to the channel: https://www.youtube.com/@unspokentruthofficial
🎙Listen on Spotify: https://open.spotify.com/show/7KF9b8MTVBMWbN6fIMivo6
📱 Follow us on Telegram: https://t.me/unspokentruthreal
🐦Follow on Twitter: https://twitter.com/unspokentruthAU
🐦Follow on Ed on Twitter: https://twitter.com/heyedofficial
🎥 Follow us on Rumble: https://rumble.com/c/c-2431042
📸 You can connect with Rob directly via Instagram: https://www.instagram.com/rob.brus77/
🎥 Watch Ed's YouTube channel here: https://www.youtube.com/@heyed7496
👉 If you want to do a collab reach out via email or Insta
💥 Keep watch, stay safe and watch out for all the scammers out there...
-
6:48
The David Knight Show
1 year agoState Bill to Block Fed's Digital Money Tyranny
771 -
6:39
Transcend The Monkey
1 year agoThe Future of Banking: Cashless Society & Digital Currency Debate
32 -
9:01
ITM Trading
3 months ago $0.33 earnedBIS's Secret Plan for Your Money & Assets Revealed
4422 -
23:41
CoinBureau
11 months agoYou'll NEVER BELIEVE Who's Behind CBDCs & Fast Payments!!
37 -
2:05:11
acts2and42
1 year agoSilent Banking Crisis & Bitcoin
222 -
42:09
BrookeCerda
10 months agoBiden's Central Bank Digital Currency - Excecutive Order from Hell
268 -
9:27
The Source
1 year agoIs The US Dollar's Reign Coming To An End?!
3 -
5:15
SMB & Bitcoin
6 months agoFreedom Money & CBDC's - Why banks want more control
8 -
1:55
bytefederal
3 months agoAave (AAVE): Transforming Lending with Decentralized Finance
1 -
19:20
Dave Wright The Thinker
6 months agoEp #5 - Crypto Philosophies: Taking Control of Your Finances in a Changing World
311