Quote:
Originally Posted by afc wimbledon
anyone who thinks a modern economy can survive without Government control, Government borrowing, printing of money, control(ish) of interests rates etc hasnt thought through what life looks like without an economic safety net, it aint pretty, maybe there is a way crypto can print itself out of a Covid lockdown, provide Canada with the trillions in extra cash it takes to deal with these emergencies but if there is I cant see it
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I agree entirely! That's why CBDCs will be so big. It's also why I bring up XRP (ripple) as they have the framework in place to allow countries and businesses to seamlessly exchange money.
No more pre funding foreign accounts or waiting 3-5 business days to get money. No more 20$ wire transfers, or 3000$ e-transfer limit. Crypto and blockchain technology will be integrated into everything eventually. It's literally the next internet.