#XRP
The creation of a **global single currency** as a result of a financial revolution is a theoretically intriguing concept but faces nearly insurmountable structural and political obstacles based on current trends. Here is a detailed analysis:
🔒 1. **Monetary Sovereignty and Economic Diversity**
- **National CBDCs**, such as Drex in Brazil, reinforce monetary sovereignty rather than replace it. Drex is a digital extension of the real, controlled by the Brazilian Central Bank, focusing on complex domestic operations (asset tokenization, smart contracts).
- Countries with disparate economic policies (e.g., inflation, interest rates) would not relinquish monetary control, as evidenced by the euro crisis from 2008-2012.
⚙️ 2. **Technical and Regulatory Challenges**
- Systems like Drex use **adapted DLT technologies** to ensure privacy and local compliance, which is incompatible with a single global infrastructure. Drex itself faces delays in resolving privacy issues in transactions.
- National financial regulations (e.g., anti-money laundering) vary drastically between countries, making unique standards unfeasible.
💱 3. **Regional Experiences: Lessons from the Euro**
- The Eurozone illustrates the risks: countries like Greece and Italy suffered from the loss of autonomy to devalue currencies or adjust interest rates during crises. A global currency would amplify these problems on an uncontrollable scale.
💡 Conclusion: Sovereignty > Unification
Contemporary financial revolutions (such as CBDCs and fintechs) are **deepening the efficiency of national systems**, not eliminating monetary borders. Economic diversity, combined with technical and political challenges, makes a global currency unfeasible in the medium term. The future lies in **coordination among national digital currencies**, not in merging.
