CBDC will eventually kills bank and credit card companies

[asahi]

CDBC may not eliminate liquid cash but may occupy majority of the transactions. People won't allow governments to do dumb things like before because more & more people are getting educated & information reaches like wild fire. So government acts sensitively. definitely won't replace credit cards. keeping people away from debt traps banks will loose significant amounts so ain't happening.

 

[Tejo]

1.Main purpose is to eliminate Transaction delay.

2. Why govt approved? Nam sake .... E-cash. Printing charges reduced.

3. Here, the interest is not applicable.

Banks won't like this. Even leaders won't like because how can they distribute money on elections 🤣

 

[Deleted member 9785]

 

[Deleted member 9785]

 

[Slayer]

She did not even want to see Monica Lewinsky

 

[aayusharyan]

Anyone actually has the gulaabi note of 2K in their CBDC eRupee wallet?
RBI has stopped issuing 2K notes so people like me want them in their collection. Hehehe

 

[cardio_guy]

Atleast 50% of the population need to come under bank transactions and traceable. A lot of transactions still happen outside banks. All this has to go and huge number of people need to adopt online systems. We need to play a big role in this. Whoever we meet, if they ask for cash, push them for UPI or card. Make them do digital transactions and make them realise the easiness of doing things. Once they get a hang of it, more people will move towards QR code scanning for payments. Even now a lot of people, (in all paths of life) hesitate to use online methods, cards, UPI etc. If you come across some one like that, show them how to use it and tell them how easy it is. Only then people will use digital methods.

 

[moneyMaker]

Atleast 50% of the population need to come under bank transactions and traceable

Idk, cash is king.

 

[SSV]

Atleast 50% of the population need to come under bank transactions and traceable. A lot of transactions still happen outside banks. All this has to go and huge number of people need to adopt online systems. We need to play a big role in this. Whoever we meet, if they ask for cash, push them for UPI or card. Make them do digital transactions and make them realise the easiness of doing things. Once they get a hang of it, more people will move towards QR code scanning for payments. Even now a lot of people, (in all paths of life) hesitate to use online methods, cards, UPI etc. If you come across some one like that, show them how to use it and tell them how easy it is. Only then people will use digital methods.

With money management, no one need to educate anyone..
the right system will self correct itself and the stakeholders will automatically be part of it if they think that is right for them..they will naturally be part of it if it is sustainable and right thing
who taught kids everything??
It’s a natural process…
Money matters also very similar.. no one can force anyone else…

 

[cardio_guy]

With money management, no one need to educate anyone..
the right system will self correct itself and the stakeholders will automatically be part of it if they think that is right for them..they will naturally be part of it if it is sustainable and right thing
who taught kids everything??
It’s a natural process…
Money matters also very similar.. no one can force anyone else…

Yes you are right, but not about forcing, but I have seen that even educated, rich and upper class people are hesitant to use Gpay or paytm because they are not tech-savvy. See the parents generations above 40 or 45, only very few uses Gpay or paytm. They still go with cash. I am not saying all digital is the best way, but lot of problems can be avoided if we use it properly.

 

[Deleted member 9785]

 

[deep@vie]

Yes you are right, but not about forcing, but I have seen that even educated, rich and upper class people are hesitant to use Gpay or paytm because they are not tech-savvy. See the parents generations above 40 or 45, only very few uses Gpay or paytm. They still go with cash. I am not saying all digital is the best way, but lot of problems can be avoided if we use it properly.

It's just the hesitation before not using. The best advice for them is to start with a secondary account which doesn't have their whole savings or emergency funds.
After using once, because of convenience, they'll happily adapt & accept.

 

[moneyMaker]

 

[Deleted member 9785]

Union Bank of India employees unhappy for getting perks in digital currency

RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance...

economictimes.indiatimes.com

it has begun

 

[Abhishek012]

Union Bank of India employees unhappy for getting perks in digital currency

RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance...

economictimes.indiatimes.com

it has begun

Happy karne k liye thorai diye jate hai. 🤣🤣

Isiliye diye jate hai taki bank employees bhi sikh sakte ki digital e-rupee kaisa kam karta ha, taki customers ko bhi aage help kr paye.

Baki UPI se kahi bhi transfer karlo ya bank me le lo digital e-rupee.

 

[Deleted member 9785]

 

[Eye of AjayEye of Ajay is verified member.]

CBDC integration with UPI has already been done and banks like YES among other have a singular QR for both leading to high level penetration in both fields.