7 ms·
> What advantage would I have as a user of a "digital pound", compared to a regular bank account Two largest groups of users will be: 1. People who don’t have
by csa 4y ago
> What advantage would I have as a user of a "digital pound", compared to a regular bank account
Two largest groups of users will be:
1. People who don’t have access to pound bank accounts (folks who live abroad).
2. People who effectively give all this control and info away already by not using cash ever.
Note that we are in an economic battle/war right now with regards to crypto/digital currency in developing countries. The digital RMB, digital pound, digital USD, and perhaps others will be an efficient way for the currency distributors to influence/control foreign populations.
It wouldn’t surprise me if the west wins most of these battles simply by offering colonial digital currency with which folks can conduct transactions.