Re:Nobody’s using CBDCs. India’s piloting one anyway
by ssivark on Monday December 05, 2022 @12:46PM
(#33868934)
> So poor, but well-off for paying for mobile phones/laptops and internet
Yup — physical infrastructure is often mind-bogglingly expensive in both capex and opex (and implicitly subsidized in developed countries, so it appears cheap).
> educated enough to understand the app interface/language?
They might be illiterate, but they’re not stupid. As humans, they’re perfectly capable of learning (especially social learning) when it’s important to them.
Yup — physical infrastructure is often mind-bogglingly expensive in both capex and opex (and implicitly subsidized in developed countries, so it appears cheap).
> educated enough to understand the app interface/language?
They might be illiterate, but they’re not stupid. As humans, they’re perfectly capable of learning (especially social learning) when it’s important to them.