Nigeria's Central Bank Digital Currency Flops

Fewer than 1 in 200 Nigerians use it, even after govt discounts & incentives

Seen as “a symbol of distrust in ruling elite”
Bitcoin popular however

Good reminder there are no foregone conclusions about #CBDCs

The extension of Digital IDs and CBDCs create worrying surveillance possibilities by their very design

We must stay vigilant to ensure they are not abused

https://www.bloomberg.com/news/articles/2022-10-25/shunned-digital-currency-looks-for-street-credibility-in-nigeria

"Retail CBDCs rejected by the Swiss National Bank"

"Retail #CBDCs could fundamentally alter the current monetary system and the role of central banks and commercial banks, with far-reaching consequences for the financial system"

Keep making voices heard #Together

CENTRAL BANK DIGITAL CURRENCIES: Jamaica, Bahamas and Nigeria have launched CBDCs

In the UK a CBDC could potentially give the state unprecedented control over our lives

There was huge public backlash to the Bank Of England & HM treasury consultation

Who actually benefits?

#CBDCs

CBDCs: Seven countries have cancelled their CBDC projects, including Denmark and Ecuador (Central Bank Digital Currencies)

The Swiss Central Bank has just said it sees no need for a retail CBDC as risks outweigh benefits

#CBDCs

CBDCs: (Flashback) "Sunak’s Britcoin ambitions were hit by huge public backlash of more than 50,000 responses sent to Bank Of England after digital currency consultation"

#CBDCs

CBDCs: "Three countries so far – Jamaica, Bahamas and Nigeria – have launched their own Central Bank Digital Currency"

In the UK, a Central Bank Digital Currency (“Digital Pound”) could potentially give the state unprecedented control over our lives

#CBDCs

Central Bank Digital Currencies: "Total state control... positively evil"

#CBDCs @benhabib6

CBDCs: Seven countries have cancelled their CBDC projects, including Denmark and Ecuador (Central Bank Digital Currencies)

The Swiss Central Bank has just said it sees no need for a retail CBDC as risks outweigh benefits

#CBDCs

"What is a Central Bank Digital Currency for? What problem is it going to solve?"

Danny Kruger MP to secretary of HM Treasury

A total non-answer

Public has NOT been calling for this - at all

#CBDCs

CBDC: A centralised "Digital Pound" almost certainly threatens mandatory Digital ID (Central Bank Digital Currency)

We must not have Digital ID as a pre-requisite to participate in society or the economy

#CBDCs #DigitalID

CBDCs: Seven countries have cancelled their CBDC projects, including Denmark and Ecuador (Central Bank Digital Currencies)

The Swiss Central Bank has just said it sees no need for a retail CBDC as risks outweigh benefit

#CBDCs

CBDCs: (Flashback) "Sunak’s Britcoin ambitions were hit by huge public backlash of more than 50,000 responses sent to

Bank of England after digital currency consultation

#CBDCs

Central Bank Digital Currencies: "Total state control... positively evil" (Ben Habib)

#CBDCs #digitalid

Neither Govt nor third parties have any right to dictate how we spend our money

The very idea of “programmable” Central Bank Digital Currency (the “Digital Pound”) is not one that should be entertained

Who benefits from #CBDCs?

Central Bank Digital Currencies: Could ultimately be used by government or 3rd parties to dictate how we spend our money

Who benefits from #CBDCs

CBDCs: Seven countries have
cancelled their CBDC projects, including Denmark and Ecuador (Central Bank Digital Currencies)

The Swiss Central Bank has said it sees no need for a
retail CBDC as risks outweigh benefits

#CBDCs

Central Bank Digital Currencies: "Total state control... positively evil" #CBDCs

(Ben Habib)