Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
The issue of privacy remains fundamental in CBDC design. The AEI published a vision for a financial system with the coin as its cornerstone.
With an SEC lawsuit clouding the coverage of Ripple, their cross-border disruption seemed subdued. The company then launched a CBDC platform.
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.
Privacy is a running concern with potential users of a retail CBDC. BIS have announced the launch of a project to resolve them.
Remittances form a lifeblood supporting the lives of many, however they come with high fees. Fintech was supposed to change everything...
Gov. DeSantis has said that Florida won't accept a CBDC, due to privacy and surveillance concerns. Stonewalling could be part of the problem.
I anchor around the issues Libra is seeing in trying to develop a money, and what alternate strategies are available. We also analyze elements of a JP Morgan 2020 blockchain report, which highlights the differences between running a financial products (like a money) and a financial software (like a payments processor). In light of this necessary pivot for the regulated Facebook, we look again at Ethereum's decentralized finance ecosystem and the types of challengers it has created for Jack Henry, Finastra, Envestnet, TradeWeb, and other infrastructure providers.
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.
With more services becoming digital, a digital currency seems to be the perfect solution to streamline the digital revolution further.