Read the following and add significant value to the initial discussion responses could point out a related issue that was not brought up in the original discussion, identify a problem or inconsistency in the original discussion

The article focuses on consumer choice of payments especially when it comes to using digital Currencies. Author Kim P. Huynh provides various methods and technologies that can be implemented in our traditional banking structures. The method Known as CBDC (Central bank Digital Currencies. The paper dissects the demographic that may use these methods due it to the fast transactions, low cost, and most importantly, the choice of using these methods by the investors. The study conducted in this article was done by conducting a payment survey at the Bank of Canada for 2009, 2013, and 2017. The study focused more on the actual attributes of payment methods and also tracking multiple transaction that different in terms of shopping, products purchased and etc.

The study then continues by using the data into various simulations and estimation results which portrays the actual Universal adoption and acceptance of CBDC's. The conclusion of the study was the number of study were more in favor of CBDC since transactions kept increasing as people replace cash in online transactions done via Credit/Debit Card. The study shows that 3/4 of the demographic is more in favor of cashless payments and are in favor of using CBDC's. However, CBDC's portray that CBDC's can replace cash since majority of purchases are already done online through Credit and Debit payment. The Technology behind CBDC's is also more secure than the traditional credit and debit system since it is backed up by Blockchain, which is a peer-peer network but in this care, there will be intermediary which will be the Central Bank. That will keep record of all transactions. In conclusion, the study finds that it is important to consider such payments since it is a growing method of making payments. One of the notable examples were sending E-Transfers.

Taking all this information into consideration, my opinion on this is mixed as in It could work and it could also explain. Although digital currency holds everyone liable meaning we all have the control to run the blockchain data. Yes the Central will have more control as to the development and record keeping but this method plays a big impact on the consumer. For instance

1. Traceability: One will lose its sense of privacy and no longer be able to transact anonymously as we do with cash payments.

2. Negative Rates: There wouldn't be an option to hold physical cash since CBDC's cant be withdrawn via ATM. It will all be digital.

3. Alternative Currencies: The CBDC's only make us limited to one certain currency such as the CAD or USD. If I want to lets say transfer my coins directly from CAD CBDC to USD CBDC, it will need to follow a same node or blockchain but that wouldn't be possible since they have different rates based on the countries economy.

These reasons show us that although it is a great idea and digital currencies have come along way, we are still working on ways to see more potential use age of such methods. As someone who enjoys blockchains and it's by products such as cryptocurrencies, there is still a scalability issue. There is no substantial real value at a global stage. With this idea in notion, more and more users will tend to buy a lot of assets to keep their CBDC's hedged to economic movements. So I personally think that CBDC's won't be as beneficiary as market developers may think. Since it isn't a need and more a feature to an already solved problem.