Josemendez
Verified member
Now , the question is this , will weak currency of low tier countries be improved by the adoption of the digital version of the country's Fiat Currency? , I guess No .That's just it dear, they are creating digital version of their Fiat currency in a centralized way which isn't volatile so that they will control was going around its blockchain. It is not comparable to the volatile coins or known Cryptocurrency, cos crypto brings investment return short and long term. Where as the CBDC can't bring any return, it will only give our funds security not to drain down through volatility.
They will only improve the rate of payment .
It will be better for the government to find a balance between the two digital currency as they both need each other for full functioning .