It will be called the Sand Dollar (love the name) and will be released next month beating out China, who has also planned to release a CBDC, but won’t until maybe 2022 for the Olympic Games being held in Beijing.
I thought they were going to launch this in October.
Yes, right. I had read somewhere that they are launching it in October. Looks like now is the time!
I don’t really believe in the effectiveness of CB digital currencies
Even India is preparing to start CBDC trials. A lot of major jurisdictions in the world have such plans, China is almost there, the EU is certainly considering it. It will become a reality sooner or later. If they were not effective, I definitely have reservations of my own too, but I doubt all these major economies would be considering them.