A new survey by The Economist Intelligence Unit and Crypto.com says that adoption and awareness of digital currencies is increasing...
Cash usage is declining and the ECB is showing an ongoing commitment to a digital euro. Will cash eventually disappear?
In this episode we talk with Daniel Gorfine, co-founder of the Digital Dollar Project, about Central Bank Digital Currencies - how they will work, the challenges needed to be overcome and when they might arrive.
Digital Identity is an aspect of CBDC design causing much debate. For some, it is the end of freedom, others dub that "unnecessarily alarmist."
The ECB announced the results of their two year digital euro investigation. Many questions still stand. They have decided to move forward.
With more services becoming digital, a digital currency seems to be the perfect solution to streamline the digital revolution further.
I examine the rising relevance of Central Bank Digital Currencies. We look at the World Economic Forum policy guide to understand different versions of CBDCs and their relative systemic scale, and the ConsenSys technical architecture guide to understand how one could be implemented today. For context, we also dive into a very different topic -- Lithium ion batteries -- and show how a change in the cost of a fundamental component part (e.g, 85% cost reduction in energy, or financial infrastructure) opens up a massive creative space for entrepreneurs.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
As development of CBDCs continues worldwide, the ECB makes some signifficant announcements, but some still say, "why not use stablecoins?"
Fighting Chinese Artificial Intelligence with lasers and American Crypto with European Central Banks
How do the Americans and the Chinese have such different ethical takes on privacy, self-sovereignty, media, and the role of government? We can trace the root cause to the DNA of the macro-organism in which individuals reside, itself built over centuries and millenia from the collective scar tissue of local human experience. But there is more to observe. The technology now being deployed in each jurisdiction -- like social credit, surveillance artificial intelligence, monitored payment rails, and central bank cryptocurrency -- will drive a software architecture into the core of our societies that reflects the current moment. And it will be nearly impossible to change! This is why *how* we democratize access to financial services matters. We must be careful about the form, because we will be stuck with it like Americans are stuck with the core banking systems from the 1970s. But the worry is not inefficiency, it is programmed social strata.