Governments are racing to create their own "CBDC"s.. Central Bank Digital Currencies.
However.. a quick look at your bank balance will tell you we're clearly already using central bank digital currency and have been doing so for many many years....
Take the Bank Of England for example... their website couldn't be clearer....
"Banks create around 80% of money in the economy as electronic deposits in this way. In comparison, banknotes and coins only make up 3%. Finally, most banks have accounts with us at the Bank of England, allowing them to transfer money back and forth. This is called electronic central bank money, or reserves."
https://www.bankofengland.co.uk/knowledgebank/how-is-money-created
Many think that CBDC'S won't even use blockchain so surely we're already using near enough what we would have... unless governments want to build in some extra special features......
Even if people want a CBDC... surely we'd want a global currency backes by gold like money used to be...
We have global organisations such as NATO, WHO etc why are Governments racing to build their own CBDC"s and not working on a collaborative global currency?
The truth can only be that they still want to control whom they can screw over when!
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