The European Central Bank is now recruiting everywhere, wanting to stuff digital euros into ATMs and card machines on the streets. This wave of infrastructure action is significant, clearly intending to directly compete in the payment field with third-party payment services and cryptocurrencies.
To be honest, I’ve seen this episode; it’s just centralized digitalization in a different guise. The officials call it improving efficiency, but that little bit of regulatory tinkering is all out in the open. However, from a macro perspective, this actually gives us in the crypto space a duty to educate; once the older generation learns to use digital wallets, true decentralized consensus will not be far from breaking into the mainstream. Now we just need to see if the patches to this old system can outperform the native logic on the chain. #CBDC #ECB $EUR
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