Date: 2023-02-17T01:17:28Z Creator: Bitfolio Academy
The central banks all across the world have big plans to take control of your wallet. What are Central Bank Digital Currencies? This week, Bank of England launched its Digital Pound.
Let me break it down for you.
Step #1: Your central bank will create a wallet for you to download on the Apple Store and on the Google Play store.
Step #2: They will airdrop you some digital cash. Who doesn’t want free cash?
Step #3: The digital cash could be programmed to ensure it’s only spent on essentials or on what the government deems is sensible.
Step #4: They will track what you spend to determine if you will qualify for future airdrops.
This is big brother controlling what you spend. They will dictate what you can and cannot purchase. They will turn on and turn off your money.
Let me know in the comments. 🤔
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I help people invest in digital assets without undue risks or long-term time horizons, but I am not a registered investment advisor, nor a financial advisor. All of my videos are strictly my personal opinion and are not financial advice. Do your own research.
#money #finance #cbdc #centralbanks #stockmarket #finance #2023