I think there’s a legitimate question out there about what constitutes “digital currency” vs. “cash.” I think I’ve had more than $250 in cash on my person only once or twice in the last 20 years — which means almost all my money and purchases are “digital,” anyway.
Yeah I miss the 1990’s. I had (rarely) a few $1,000 bills on occasion but $500 bills were great.
Heh, those days are long over for me.
Now I’m lucky when I see $100 bills...ouch
Yes but your digital money is based in a private bank and private credit card company, and they don’t have the ability to control what you use the CC for in real time. The only limit is your credit limit, not what you buy or where you go.
The CBDC will be controlled by government and will have the real time control of type purchases built in. In real time they can prevent you from purchasing an item, buying gas for your car, etc, and lower the value in your “account” if you make a bad statement about the government.