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.

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