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Really wish they said what a CBDC is.
by presentation 4y ago
Really wish they said what a CBDC is.
- SanjayMehta 4y agoIndian here - I had to read the article to find out what it was. Then I remembered the RBI had made a ruckus about it a few months ago. I doubt anyone cares since almost every one uses their mobile phone and UPI for money transfers.
- adwn 4y agoReally? It's right there in the second sentence: > From China to the UAE, the Bahamas to Nigeria, countries around the world have started trialling the use of central bank digital currencies as a way to translate their national fiat currencies into a means of digital exchange. CBDC = Central Bank Digital Currency.
- bfung 4y agoIt’s there in the first sentence, though def not so clear as it’s not capitalized: Central Bank Digital Currency (CBDC).
- ahiknsr 4y agoCBDC = What is central bank digital currency? see https://www.bankofengland.co.uk/research/digital-currencies https://www.bankofengland.co.uk/research/digital-currencies
- influxmoment 4y agoOne payment system to rule them all and monitor a population
- 1letterunixname 4y agoDoes a term require more than 2 seconds of thinking? If yes, then describe it, otherwise it's unnecessary. This one seemed obvious.
- adql 4y agoOf course it's obvious its Centralized Big Dick Contest /s It's customary to expand shortcut in full if it there is chance it might be unknown to the reader and this isn't even a financial blog but a tech one.
- 1letterunixname 4y agoThat's inappropriate and unhelpful. People with brains can infer meaning from the context. If they can't, then they aren't smart enough to have around.