CBD
CBDCs
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A CBDC is defined as a fully digital representation of a nation's fiat currency.
"a cbdc is a true digital version of a country's fiat currency"
Jun 17, 2024
Pending
CBDCs could facilitate direct and immediate stimulus relief to citizens during crises, bypassing traditional mail delays.
"imagine there's an earthquake somewhere or a natural disaster we can have direct stimulus relief to ..."
Jun 17, 2024
Pending
Currently, 134 countries and currency unions, collectively representing 98% of global GDP, are actively exploring CBDCs.
"134 countries and currency unions representing 98% of the global GDP who are exploring these right n..."
Jun 17, 2024
Pending
Out of the countries exploring CBDCs, 44 are in research, 30 are in development, 36 are in pilot testing, and 3 have already launched their CBDCs.
"44 of them for example are in the research phase 30 countries are already in development 36 of them ..."
Jun 17, 2024
Pending
CBDCs have the potential to provide access to digital money for the 1.4 billion unbanked individuals globally who currently lack bank accounts and access to payment systems.
"there are 1.4 billion people that are unbanked they have no bank accounts and no way to get a hold o..."
Jun 17, 2024
Pending
CBDCs are predicted to significantly reduce international transaction costs, which are currently averaging around 6.5% for a $200 transfer.
"it could also lower transaction costs which right now are super expensive the average cost of sendin..."
Jun 17, 2024
Pending
CBDCs grant the controlling country or bank the power to implement expiration dates on money.
"it empowers the country or the bank that controls it with the ability to set an expiration date on m..."
Jun 17, 2024
Pending
The digital Yuan in China has been observed to have an expiration date, requiring users to spend it by a certain time to avoid losing its value.
"the digital Yuan has an expiration date use it by a certain date or you will lose it"
Jun 17, 2024
Pending
Expiration dates on CBDCs are proposed as a mechanism to artificially encourage consumption and spending during recessions or depressions, counteracting people's tendency to save due to economic uncertainty.
"the way to get us out of one is to encourage people to go out borrow money and spend that money but ..."
Jun 17, 2024
Pending
The US Federal Reserve has stated that it would not support a CBDC system where the government could monitor all user transactions, as this would be unacceptable in the United States.
"the government would see all your transactions and that's just something we would not we would not s..."
Jun 17, 2024
Pending
CBDCs grant countries the power to monitor and control every transaction, including the contents of users' bank accounts.
"it also gives them a superpower that comes with its own set of risks like the ability for them to Mo..."
Jun 17, 2024
Pending
Future stablecoins may be required to be pegged to domestic currencies, effectively becoming de facto Central Bank Digital Currencies (CBDCs).
"it means that it will only be possible to issue a new stable coins that are pegged to a country's do..."
May 15, 2024
Pending