Is This A Test To See the Reaction Of CBDC?

You will hear cool things about Central Bank Digital Currency (CBDC). You can make transactions very fast at the lowest cost ever. The value of the currency will be stable, it will never be as volatile as cryptocurrency. So why do you need to get involved in crypto anyway?

With CBDC, the level of control that you give to the central authority, that's unbelievable. Are you sort of surprised to see a sudden change in PayPal policy? They can charge $2,500 fines for misinformation. Are you willing to give them that money? You don't have to, they will just take it from your account.

Who gets to decide what is misinformation? Well, you guessed it. As long as you have a Paypal account, they are in control. People are closing their accounts. So they come up with a brilliant idea to fix what just happened, saying the policy to fine customers for misinformation was an error.

At first, you feel how strange it is, you will not accept it, protect and fight against it. Slowly when you see there is nothing much you can do about it, you tend to accept it. We are going to see CBDC sooner or later.

It seems weird that you have money in your wallet, but you cannot spend it on anything you like unless that is approved. Your money can be frozen at any time or taken it away from your wallet. When you see this is what happens around you, you may accept it as normal.

The freedom and control you have over your assets when you hold cryptocurrency, you cannot compare that with holding fiat currency. You think you have control over what you hold in fiat currency, just wait and see how much control you really happen after launching CBDC.

So is this just a mistake that people saw in PayPal policy? Or, is this a test to see the reactions of CBDC?

There is a reason the central authority going hard on crypto whether it is regulating crypto in a name of investors' protection or banning crypto. When you have crypto, you have complete control as long as you hold the private keys. No one can take it away without your permission.

The way blockchain and cryptocurrency give power back to the people, that's incredible. You will not get it anywhere, so people will keep adopting crypto to ensure the security and safety of their assets. It is time to manage your finances and decide what is good for your financial stability.

So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

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