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0 sats \ 0 replies \ @cryptocoin OP 5 Nov 2022 \ parent \ on: CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says bitcoin
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.
Pure Evil #89618 https://cryptohayes.medium.com/pure-evil-c0c2148f81ab
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