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The Question of Trust in CBDC’s
A recent poll by the Cato Institute
concluded that Americans are generally
uncomfortable and/or unfamiliar with
the idea of a Digital Dollar with just 16%
supporting a Federal Reserve CBDC.8 This,
despite our already extensive use of credit
cards, debit cards, and payment apps. Most
Republicans and Independents oppose the
development of a Digital Dollar, Democrats
seem split on the concept but a larger
portion of Americans simply don’t know
enough about it.
Our digital footprint and the traceable, trackable trail of data that we leave behind each time we Google
Pay, Zelle, Venmo, PayPal, bank, buy or charge anything online — leaves little to the imagination. It says
precisely what we bought and how much we spent. It reveals where we’ve been and what we
did there.
8 https://www.cato.org/survey-reports/poll-only-16-americans-support-government-issuing-central-
bank-digital-currency
Source: Cato Institute 2023 CBDC National Survey