As CBDCs Roll Out, Elite-Backed Digital Payment Systems Vie to Build The ‘Global Payment Standard’
The comments below are an edited and abridged synopsis of an article by Stavroula Pabst
As Central Bank Digital Currency (CBDC) pilots proliferate, a myriad of elite-gilded and blockchain-powered digital payment networks are vying for their technologies and payment systems to be incorporated in the developing digital currency infrastructures of tomorrow. Their end game? A digital financial grid ripe for abuse.
Up for discussion: The CBDC pilot race; crypto for good; crypto as an elite endeavour; and financial inclusion or control?