[rawoke083600]

Ja that is crazy... one wonder if they pick a different time (read long term market-regime) if the results would be any different for better or worse.

The best alternative payment system I have seen myself is M-Pesa in Kenya [0]

It's THE payment system in Kenya everything runs of it in terms of commence for the "ordinary man". It has a somewhat unique starting point, since Kenya (Africa) (I'm from there myself), was not "modern enough" for the everyday man to make use of traditional banking services. But even the "low tech man" had a cellphone.

I hope to see more examples like this in the future, and I'm sure many a BigCorp is doing just that, I do wish the next-gen version of these services will be more community-driven and less bigcorp. Oh gosh I almost described the original vision of bitcoin :)

[0]https://en.wikipedia.org/wiki/M-Pesa

[upsidesinclude]

This is a great point most people from the US and Europe can't understand.

Much like Africa, all of SE Asia went directly to cell service and skipped all landlines because they were so far behind. The same goes for banking in these parts of the world and India.

The people there will skip over the traditional banking system which is massively undeserving the population and adopt a digitally native banking system. The masses will go with the flow and accept the CBDC, but many already understand the implications and limitations.