Which country will release CBDC first?
Hi.
What do you think? Which country will release its cbdc first? Everyone writes that it will be China, but recently I read that Lithuania is to release CBDC next month, but for now in a collector's version. From what I know, France is also pushing hard. What's your opinion? Is it really China being the first to officially release its long-awaited digital yuan? Justify your statements.
Thanks, Davson.
Hi.
What do you think? Which country will release its cbdc first? Everyone writes that it will be China, but recently I read that Lithuania is to release CBDC next month, but for now in a collector's version. From what I know, France is also pushing hard. What's your opinion? Is it really China being the first to officially release its long-awaited digital yuan? Justify your statements.
Thanks, Davson.
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3 answers
China, I believe. Although recently I read in total that Lithuania has already released its LBCOIN. From what I associate, it is supposed to be only a collector's version for now, but it is already a step forward. While there is no need to cheat, China is at the forefront of technology, and is already testing the digital yuan on millions of people.
China, I believe. Although recently I read in total that Lithuania has already released its LBCOIN. From what I associate, it is supposed to be only a collector's version for now, but it is already a step forward. While there is no need to cheat, China is at the forefront of technology, and is already testing the digital yuan on millions of people.
Machine translated
Certainly not Poland. For now, the most advanced work is underway in China, India, Saudi Arabia, Canada, France, Uruguay and on a few small islands. If I had to bet where it will be put into use the fastest, it would be China. Here's an interesting site where you can track your progress https://cbdctracker.org/
Of course, it is a matter of time when the virtual national currency will also appear in our country. According to the official version, they have no plans to release CBDC in Poland for now, but they are closely watching the work on digital national currencies in other countries. In addition, they are carefully examining the possible effects of introducing such a digital currency in our country and (according to Mr. Glapiński, who has been lying notoriously in recent months) so far, they do not see the overwhelming benefits.
Meanwhile, blockchain technology is already being used to create CBDCs in more than a hundred places around the world. It's a complicated process, but we can expect that in just a few years, many governments will start encouraging their citizens to get electronic wallets and use CBDCs instead of cash. The solution itself will be presented as ecological, fast, cheap to use and safe, because everything will be supervised by the national bank of a given country.
I would like the words of the NBP president to be true, but I do not trust these people for an inch. If they wanted to hide from us the fact that work on the Polish CBDC is already underway, they are able to do so. Then it is enough to announce that they have changed their minds and the digital currency controlled by the NBP is necessary for our happiness, and in a few months we will present a ready solution for testing by the first users. Finally, I would like to add that Bank PKO BP has already reserved the name Plcoin, I wonder for what purpose?
Certainly not Poland. For now, the most advanced work is underway in China, India, Saudi Arabia, Canada, France, Uruguay and on a few small islands. If I had to bet where it will be put into use the fastest, it would be China. Here's an interesting site where you can track your progress https://cbdctracker.org/
Of course, it is a matter of time when the virtual national currency will also appear in our country. According to the official version, they have no plans to release CBDC in Poland for now, but they are closely watching the work on digital national currencies in other countries. In addition, they are carefully examining the possible effects of introducing such a digital currency in our country and (according to Mr. Glapiński, who has been lying notoriously in recent months) so far, they do not see the overwhelming benefits.
Meanwhile, blockchain technology is already being used to create CBDCs in more than a hundred places around the world. It's a complicated process, but we can expect that in just a few years, many governments will start encouraging their citizens to get electronic wallets and use CBDCs instead of cash. The solution itself will be presented as ecological, fast, cheap to use and safe, because everything will be supervised by the national bank of a given country.
I would like the words of the NBP president to be true, but I do not trust these people for an inch. If they wanted to hide from us the fact that work on the Polish CBDC is already underway, they are able to do so. Then it is enough to announce that they have changed their minds and the digital currency controlled by the NBP is necessary for our happiness, and in a few months we will present a ready solution for testing by the first users. Finally, I would like to add that Bank PKO BP has already reserved the name Plcoin, I wonder for what purpose?
Machine translated
Machine translated