Derek on Nostr: “If one or more alternative digital currencies threatened to become used widely as ...

“If one or more alternative digital currencies threatened to become used widely as an alternative to the Canadian dollar as a method of payment, store of value and unit of account, then a CBDC could be one mechanism to defend monetary sovereignty.”

Race condition

Source: https://www.bankofcanada.ca/2020/02/contingency-planning-central-bank-digital-currency/