Fintech & Blockchain

The author is correct that "It's the totalitarian tip-toe," because there is no other way to use blunt force to summarily drop cash on a worldwide basis. However, the WEF's boast is mostly hot air. Only two countries, Zimbabwe and Nigeria, have officially launched a CBCD. Only a few countries have passed the "proof of concept" phase. Several countries have canceled their CBDC projects, including the Philippines, Kenya, Denmark, Equator, and Finland. Several large countries are in the pilot stage, including China, Russia and India.