Copper: CBDC is not yet able to replace cash in everyday transactions – Bits Media

According to Copper, The fragmented approach of central banks to create their own CBDC does not allow to form a common infrastructure for their daily use.

Analysts of Copper cryptocurrency brokerage submitted a report on the results of an in -depth study of the activities of central banks to design the future design of CBDC. As it turned out, State financial structures have no specialized specialists and there is no single infrastructure, necessary for launching a fully automated decentralized cash equivalent.

“While central banks are exploring or testing pilot projects CBDC, The implementation of the models they offer for everyday goals are very doubtful. In particular, Not a single CBDC model has been proposed so far, which could technically replace cash. The situation is complicated by the one, that besides central banks, The release of CBDC is planned to be carried out through the infrastructure of commercial banks ", - The study says.

Copper experts have expressed concern about the difficulty of creating trading couples and problems in maintaining the binding between scattered CBDC brands, especially, issued by commercial banks. for instance, In the case of negative information about the financial failure of any of the banks, Consumers may have problems with confidence in asset, What can cause chaos in decentralized open markets.

COPPER was explained, that the decisive factor of functional compatibility CBDC was not properly taken into account by test participants. According to experts, Design and models should ensure integration, not a binding to the supplier, since each issuer CBDC will always have a unique vision and requirements.

Earlier, director of the International Monetary Fund (IMF) Kristalina Georgieva stated, that its department begins to work on the concept of infrastructure, which will ensure the intensity of calculations in CBDC, issued by national central banks.