Finance/Economics
Digitalizing Our Money
New ideas, on their way to accomplishing results, usually result in disruptions. At least initially. A nifty new technology is often in search of a problem to solve, instead of being created for that problem. When technology does solve the problem, by accident or intent….Disruption. The challenge? To match the two and execute, in real time. For example, what if people could deposit funds directly with a central bank, bypassing conventional lenders/banks? Is it time for a digital “Green Back/Ecoin? How serious is the Fed? And … if it happens … what are the implications to banks, consumers, privacy?