INDIA HAS A NEW UPI!! CBDC EXPLAINED - COMPLETE 0 TO 1 BREAKDOWN!
In this eye-opening video, we delve into the groundbreaking steps India is taking towards adopting blockchain technology with a special focus on the Central Bank Digital Currency (CBDC). As the digital era evolves, India is not just following but leading in some aspects. This comprehensive guide will explain the intricacies of CBDC, its potential impact on the Indian economy, and how it differentiates from cryptocurrencies.0:00 Intro1:29 Brand Managers Vs Technologist2:26 Why Blockchain's brand managers failed3:09 Technological aspect of blockchain 3:26 Various Governments stance on this new technology 3:39 Overrated Cryptocurrency & underrated blockchain4:22 report claim on future of money4:44 History of Money5:35 History of Money - Fair price & Market6:11 History of Money - 1st primitive form of Money7:01 History of Money - evolving form of money8:44 History of Money - Formulation of Banks 9:09 Digital currency 10:59 What is use case of money?12:15 Cross border transaction 13:15 Volume of cross border transaction 14:08 Speed of Cross border payments14:40 7 fold challenge of cross border payment15:01 Challenge 1 15:11 Challenge 2 15:27 Challenge 315:57 Challenge 4 16:10 Challenge 516:22 Challenge 616:30 Challenge 716:48 Market Analysis by Corpay17:10 Deep dive into the charges for cross border payment17:58 Interesting story on FX costs19:21 Fee breakdown based on size of transaction19:52 breakdown of a cross border transaction 21:05 need for better system21:32 Blockchain Technology22:18 Why need Blockchain?22:58 Use case of Blockchain 23:17 Problem with Bitcoin24:24 Regulators accepting Blockchain24: 39 Rise of Alt-coins 25:33 Regulation is necessary 26:16 Countries exploring CBDC26:57 Current Vs Future form of Money27:40 Advantages of CBDC28:33 CBDC architecture29:41 China and CBDC30:05 India's pilot on digital currency30:22 Why we need CBDC?!31:04 Difference between CBDC & UPI32:39 Pitfalls of CBDC33:06 Commercial banks & Deposit token33:40 Idea board for CBDC ecosystem37:15 Outro.
