NSmolenskiFan on Nostr: Some folks believe we still need a CBDC despite FedNow offering real-time interbank ...
Some folks believe we still need a CBDC despite FedNow offering real-time interbank settlement.
What this suggests is that by CBDC they mean “retail CBDC” (for individual account holders), not “wholesale CBDC” (for interbank settlement).
As many suspected, the “wholesale CBDC” fig leaf was a polite fiction designed to get political buy in for money that is fully ID-verified and programmable at the transaction level.
Published at
2024-09-08 07:41:12Event JSON
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"content": "Some folks believe we still need a CBDC despite FedNow offering real-time interbank settlement.\n\nWhat this suggests is that by CBDC they mean “retail CBDC” (for individual account holders), not “wholesale CBDC” (for interbank settlement).\n\nAs many suspected, the “wholesale CBDC” fig leaf was a polite fiction designed to get political buy in for money that is fully ID-verified and programmable at the transaction level.",
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