ChatGPT picks 3 cryptocurrencies to use as cash vs. CBDCs
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), spoke at the Singapore FinTech Festival 2023 on November 15. In her speech, Georgieva stated that Central Bank Digital Currencies (CBDCs) have the potential to replace cash in our society. “CBDCs can replace cash, which is costly to distribute in island economies. They can offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts.” — Kristalina Georgieva However, some individuals view the idea of using a CBDC with skepticism due to its highly controlled and centralized nature. In this context, Finbold asked ChatGPT-4 to mention 10 decentralized cryptocurrencies to use as cash as an alternative to the rise of central banks’ digital currencies. In the prompt, we also asked GPT-4 to pick 3 out of the 10 and justify its pick in a brief paragraph. AI’s 10 cryptocurrencies to use as cash instead of CBDCs Cryptocurrency Short squeeze