Congratulations to Richie #Sunak on being appointed to run the king’s country. I hope he’ll lead the king’s ministers and subjects on behalf of and in the interests of the the crown, as this is the job he is now sworn to do.
A year ago he was at the G7 telling bankers how keen he was about exploring the ideas of a central bank digital currency. Otherwise known as a CBDC.
Confusion. Almost all my payments using government money are already digital: the Pound Sterling is already made of digital accounts.
So how is a #CBDC different?
A Central Bank Digital Currency is essentially equivalent to everyone having their own personal account at the central bank. In this case the bank of England.
No need to bother with Nat West, you can tell HSBC where to hang it, and Barclays’s to swing their hook. You already have a free bank account.
There’s no need to prove your ID because you have been assigned your account at birth or naturalization as is your right as a subject of the King / Citizen of a real country.
Continued, much longer:
https://dalliance.net/vPre2/richicbdc