Copper Research Head Finds CBDCs Insufficient

Copper research head Fadi Aboualfa stated that CBDCs are not yet capable of being used in day-to-day transactions.
Copper research head Fadi Aboualfa stated that CBDCs are not yet capable of being used in day-to-day transactions.
With the development of the crypto industry, there has been an increase in interest in the use of digital assets. In this context, the digital asset breakthroughs of central banks occupied the agenda. Countries that continue their initiatives through the CBDC have surpassed pilot studies.
Copper research head Fadi Aboualfa does not find CBDC processes sufficient yet. Aboualfa stated that CBDCs are not ready to adapt to everyday life.
Copper Research Head Discusses CBDCs
Copper research head Fadi Aboualfa touched on CBDCs. Aboualfa stated that the current CBDCs are not ready for people's daily life and have no cash equivalents.
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Aboualfa gave her views to The Block. Copper's head of research argued that CBDCs are technically inefficient.
Central banks continue to work for CBDCs. Although the research has been successful, the end user experience of CBDCs has not been realized yet. Noting the viability of CBDCs, Aboualfa said, “Technically, there has never been a true cash-replacement CBDC model, they all have a few flaws and it would be a colossal undertaking for a central bank to issue a CBDC for many reasons.” said.
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