EPISODE · Jul 1, 2020 · 49 MIN
EP 19 - CENTRAL BANK DIGITAL CURRENCIES (CBDCs)
from Blockchain Dialogues
Central Bank Digital Currencies in the past few years have been seen as a means by Govt.s to counter the rise of bitcoin and cryptocurrencies and at the same time solve some of the existing problems of Govt. issued fiat money. CBDCs today are being designed by various central banks in different parts of the world to reduce the cost of cross-border remittances, increase financial inclusion, reduce dependence on cash and even make programmable money using smart contracts, something that was not possible before. In this episode we look at what CBDCs are, what problems they solve and what are the key things to keep in mind when designing them. Also , from a technology perspective, we'll take a look at how blockchain technology fits into designing CBDCs.
What this episode covers
Central Bank Digital Currencies in the past few years have been seen as a means by Govt.s to counter the rise of bitcoin and cryptocurrencies and at the same time solve some of the existing problems of Govt. issued fiat money. CBDCs today are being designed by various central banks in different parts of the world to reduce the cost of cross-border remittances, increase financial inclusion, reduce dependence on cash and even make programmable money using smart contracts, something that was not possible before. In this episode we look at what CBDCs are, what problems they solve and what are the key things to keep in mind when designing them. Also , from a technology perspective, we'll take a look at how blockchain technology fits into designing CBDCs.
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EP 19 - CENTRAL BANK DIGITAL CURRENCIES (CBDCs)
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