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25 sats \ 1 reply \ @Hermit 5 Nov 2022 \ on: CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says bitcoin
Bring it in. CBDCs are the fastest way to HyperBitconization
Well, this is a CBDC for use by banks only, as an alternative to SWIFT (for cross-border transactions).
Arthur Hayes penned an excellent article describing why the retail type of CBDC (like Nigeria's e-Naira) likely won't be implemented by most central banks.
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