Is the Japanese CBDC by 2030 a dystopian nightmare or...
In this post: According to a Nikkei Fintech journalist, Japan is expected to launch a central bankdigital currency (CBDC) in 2030. Many find the news divisive, with some hoping for a Ripple adoption viewing the possible transfer as a boost to their bags and others viewing it as little more than a drastic corruption of money. The longstanding “cash is king” culture in Japan is beginning to reject coins and paper money, as anyone who has lived there in recent years can observe. With restaurants refusing to serve actual yen, the idea has started to gain traction in major cities like Tokyo, but it could quickly spread across the country in tandem with international political movements. The subject of cryptocurrency, stablecoins, and CBDCs (central bank digital currencies) is always brought up when discussing going paperless. For his part, Japanese journalist Shinichi Morikawa at Nikkei Fintech thinks Japan...
