In recent Coindesk article the European Central Bank earlier this year setup Task Force to look into potential uses of (CBDC) its preliminary report is due to come out several weeks to do with the retail businesses while other major countries like U.K, Japan, Australia & USA have been looking into this for their possible future uses as it could developed for consumer spending so will this Central Bank Digital Currency beat YEM for acceptance into common payment system?
How do you vote?
It will not because for me i believe central Bank will use stable coin and that coin will flowing around 1$ that is what I expect on central Bank.
With technology more private coins will be accepted by central Banks in order to governments to correct Taxes especially to those who are using different coins.
added by 1001064425 1551 days ago
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No certainly, central banks digital currencies will not bother YEM just because, remember YEM is used world wide where as Central Bank digital currencies are just use in specified countries.
In money usage, population also matters. So trust me that by the end of 2021, each YEM coin will have reached UGX 350000. So Ugandans should run for this golden opportunity
added by 1000863296 1551 days ago
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The sky is the limit for YEM because of its privacy, security . All other currency are just going to be picking a leaf from them foundation. Imagine which entity has given a gap for governments to collect tax! Its on on Safezone and the YEM
added by Anonymous 1555 days ago
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I dont believe this, because according to my observation, yem has already dominated the biggest percentage in the world and therefore there is no currency which is going to dominate it, due to its projects and security these give yem the highest percentage ever
added by 1000965722 1555 days ago
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YEM will be ahead of them the way it is progressing. For them they are still in the beginning whereas others haven't even started!.
added by 1001022239 1555 days ago
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Never yem will over take the central digital banking due to the fact that yem is more precious for this case who doesn't want to have gold ?.
added by Anonymous 1555 days ago
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In this digital era, YEM is far superior compared to central bank. In terms of daily payments, YEM will get 100% while central banks will soon die a natural death.
added by 1001099555 1555 days ago
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CBDC'S won't bit YEM due to their limited jurisdictions as most fiat currencies have been compared to the US dollar.
added by Anonymous 911 days ago 1 0
USA have been looking into this for their possible future uses as it could developed for consumer spending so will this Central Bank Digital Currency beat YEM for acceptance into common payment system
added by Anonymous 912 days ago 1 0
CBDC'S will work as fiat currencies of each country and YEM will act as the US dollar does in international transactions and being a reserve for most countries and hence CBDC'S won't bit YEM due to their limited jurisdictions as most fiat currencies have been compared to the US dollar.
added by Anonymous 1228 days ago 1 0
I believe that the central banks will allow it as payment even though they don't believe in crypto currency but after seeing in the future they will allow them.
added by 1001111125 1551 days ago 3 0
According to Gesara/Nesara act, the role of the banks will be another story. Yem is already at the top
added by 1001049030 1553 days ago 3 0