Economists laugh off South America's common currency idea
Too many practical obstacles for it to become reality.
Source: moneyweb.co.za
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Private Money And Central Bank Money As Payments Go Digital: An Update On CBDCs, Federal Reserve Governor Lael Brainard At The Consensus By Coindesk 2021 Conference, Washington, D.C. (Via Webcast)
Private Money And Central Bank Money As Payments Go Digital: An Update On CBDCs, Federal Reserve Governor Lael Brainard At The Consensus By Coindesk 2021 Conference, Washington, D.C. (Via Webcast) Date 24/05/2021 Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreig...
Source: mondovisione.com
MIL-OSI USA: Brainard, Private Money and Central Bank Money as Payments Go Digital: an Update on CBDCs
Source: US State of New York Federal Reserve Technology is driving dramatic change in the U.S. payments system, which is a vital infrastructure that touches everyone.1 The pandemic accelerated the migration to contactless transactions and highlighted the importance of access to safe, timely, and low-cost payments for all. With technology platforms introducing digital private money into the U.S. payments system, and foreign authorities exploring the potential for central bank digital currencies (CBDCs) in cross-border payments, the Federal Reserve is stepping up its research and public engagem...
Source: foreignaffairs.co.nz