This is my latest piece is a detailed analysis into why a CBDC would NOT promote financial inclusion.
TL;DR - a CBDC would not address any of the underlying reasons why Americans remain unbanked today.
Those reasons are:
#1 - High costs to open a bank account
#2 - Privacy concerns
#3 - Don’t trust banks
#4 - High, unpredictable fees
In fact, a CBDC would worsen all of these things, exacerbating the problems as to why households remain unbanked today.
https://www.swanbitcoin.com/why-a-cbdc-will-not-promote-financial-inclusion/
Sam
npub1fp…9vrkt
2023-02-19 00:09:04 UTC
Author Public Key
npub1fpewuyx9rekj9487v2uawmg2any7tm7hpfw9at4q2r42u9jk792qg9vrktPublished at
2023-02-19 00:09:04 UTCEvent JSON
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"content": "This is my latest piece is a detailed analysis into why a CBDC would NOT promote financial inclusion. \n\nTL;DR - a CBDC would not address any of the underlying reasons why Americans remain unbanked today. \n\nThose reasons are:\n\n#1 - High costs to open a bank account\n#2 - Privacy concerns \n#3 - Don’t trust banks\n#4 - High, unpredictable fees \n\nIn fact, a CBDC would worsen all of these things, exacerbating the problems as to why households remain unbanked today.\nhttps://www.swanbitcoin.com/why-a-cbdc-will-not-promote-financial-inclusion/",
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