Digital currency as envisioned by the Fed is a slightly better payment system. It is sort of a payment contract ready to go. Where is the gain? how is that better than visa/master charge?
It is based on block chain, a ledger, there is no bearer form of it. But the Swift ledger works fine, there is no need to switch to block chain. I would hold off on making block chain dollars.
Right now, today, we can make bots that will share a single business account, issuing passwords as needed. corporations essentially do that with travel accounts, relying on users to return receipts..
The applications you envision all demand secure identity. a valid signature on the ledger, with a send and receive money transaction channel. Swift has all that. Swift just need a bit more processor poop than current cards support.
Bearer digital cash is a different animal, central banks need that to compete in shadow banking. Central bankers are being deceptive about this.
No comments:
Post a Comment