Beware of robber banks (RB), bad advisors.
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Careful steps towards CBDC
There are several reasons why some believe the introduction of central bank digital currency is a matter of urgency. Policy-makers should proceed with caution. First, physical cash is disappearing. In Sweden, for example, cash in use has dropped to 1.2% of GDP. Other means of payment, including credit and debit cards, as well as electronic payment systems such as Swish, are flourishing. In China, cashless payments have skyrocketed to 800% of GDP, but cash use persists at 7% of GDP, according to the Bank for International Settlements. Second, a robust payments instrument is needed. Privately issued means of payments ... (full story)
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- May 22, 2020 4:51pm May 22, 2020 4:51pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
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- May 22, 2020 4:52pm May 22, 2020 4:52pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Edited 6:16pm May 22, 2020 6:05pm | Edited 6:16pm
- trumps
- Joined Mar 2020 | Status: Member | 536 Comments
Compulsions can be hard to resist