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.
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.
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.
In this week's LendIt TV session we learned about the state of central bank digital currencies (CBDCs) with experts from the USA, Europe, and China.
Since before bitcoin blew up in 2018, leading financial minds the world over have been researching the implications of institutionally created currencies for use as digital cash, to settle interbank deposits, and for monetary policy development.
This week Isabelle sat down with Jonas Gross from the Digital Euro Association to talk about Europe's development of a CBDC.
The IMF said Brazil's Digital Real could reap the benefits of blockchain technology and compete with privately-issued stablecoins.
Remittances form a lifeblood supporting the lives of many, however they come with high fees. Fintech was supposed to change everything...
With an SEC lawsuit clouding the coverage of Ripple, their cross-border disruption seemed subdued. The company then launched a CBDC platform.
The ECB announced the results of their two year digital euro investigation. Many questions still stand. They have decided to move forward.
Digital Identity is an aspect of CBDC design causing much debate. For some, it is the end of freedom, others dub that "unnecessarily alarmist."