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![SocraticQuant Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1595556355951063040.png) Richard Crowe [@SocraticQuant](/creator/twitter/SocraticQuant) on x 13.4K followers
Created: 2025-07-19 18:02:47 UTC

We are already XX% of a CBDC like economy.

- **Digital Money Prevalence**: Over XX% of U.S. transactions by value are electronic, with physical cash under XX% of consumer transactions, resembling a CBDC's digital nature.

- **Centralized Payment Systems**: FedNow and interbank networks like SWIFT/RTGS, overseen by central banks, enable fast, traceable digital payments, mimicking CBDC functionality.

- **Government Oversight**: AML/KYC regulations and transaction monitoring provide CBDC-like surveillance, as seen in account freezes (e.g., Canada 2022 protests).

- **Private Sector Proxies**: Stablecoins (e.g., USDC) and digital wallets (e.g., PayPal) are tied to central bank-backed fiat, acting as de facto CBDC extensions.

- **Programmability Exists**: Digital restrictions, like EBT spending limits, mirror CBDC programmability, allowing control over how funds are used.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946631820017275368/c:line.svg)

**Related Topics**
[microloans](/topic/microloans)
[united states](/topic/united-states)
[networks](/topic/networks)
[money](/topic/money)
[cbdc](/topic/cbdc)

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