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Comment on Crypto is now as stable as the US economy!

madame_gaymes@programming.dev ⁨1⁩ ⁨week⁩ ago

Presumably you’re talking about CBDCs, but it’s not what you claim. It’s a state issued currency from a central bank and only some countries have adopted it, while others have rejected it. It is not applied across the board or used to transfer/exchange currencies in any way. A lot of them also do not even use distributed ledgers or blockchain. In the USA, some states have even banned the use of CBDCs.

en.wikipedia.org/…/Central_bank_digital_currency

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Terevos@lemm.ee ⁨1⁩ ⁨week⁩ ago
I’m talking about stuff like this: finextra.com/…/hsbc-and-ant-international-laud-re…

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- madame_gaymes@programming.dev ⁨1⁩ ⁨week⁩ ago
  From the article:
  
  Launched in March this year, Project Ensemble is the HKMA’s wholesale central bank digital currency (wCBDC) project aimed at fostering the development of tokenization in Hong Kong.
  
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  - Terevos@lemm.ee ⁨1⁩ ⁨week⁩ ago
    There are a number of banks working on this. Not just testing but in production, now.
    
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    Zorque@lemmy.world ⁨1⁩ ⁨week⁩ ago
    “Working on” implies pre-production, at least to my understanding.
    
    Then again if game companies can do Early Access, why not banks?
    
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