Good morning
After reading Patch's latest article on CBDC's important-are-you-ready-for-the-digitization-of-the-economy It not only made me think oh no this is really bad but it also made me think about my recent experience in a UK bank. I have not been in a UK bank for over 2 years and it was not a quick process.
I had a small ISA that had not been touched for a couple of years so it had gone dormant, well that shouldn't be a problem as I had my passport in hand but no that was not enough, i had taken a pension statement as a back up but should I have to when I have a passport! The staff member filled in her form on the laptop, then went to get it checked, then came back as she had done it wrong, then re did it then got it checked again. She then said it was all ok and I should get my money in my account in 6-8 weeks! really WTF (I thought the Helium blockchain was slow!)
So part 1 done, second part transfer some funds into Revolut (Have I told you I love Revolut) so after waiting in a huge queue I get to the front and am now sweating......not a good look in a bank eh. So I ask the young man who looks about 15 if I could transfer some funds into my Revolut account and after asking if I was under duress (no it is hot in here and I have been here for an hour already) he asked me what I wanted the money for and why I was transfering it so my answer was 'just things' and I actually said 'Your bank is not great and Revolut is far better'.
Now it takes quite a while for me to get annoyed but after what in whole was an hour and a half just trying to get my own money, I was hungry (not good when I am hungry) and needing a bathroom I thought that was pretty damn polite of me when all I really wanted to say was 'You are all really ****ing incompetent' and 'none of your business'
Now this will be nothing compared to the CBDC's and although I have still done very little research on them, what I have seen I dislike.
What are your thoughts?
Thank you for reading and please feel free to comment.
Picture from mireya fernandez from pixabay.com
