While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
It looks the same on the surface, however underneath the existing system has a lot of layers that were created over the history of the banking system that don’t need to exist in a digital ledger system like this.
It looks the same on the surface, however underneath the existing system has a lot of layers that were created over the history of the banking system that don’t need to exist in a digital ledger system like this.
Yeah; this would replace the onion that is EMV with a straightforward digital ledger standard backed by the Bank of Canada.
Under such a system, physical cash could become NFTs of the digital equivalent (and not NFTs in the cryptobro sense).
This could make currency management much less expensive.