The future of central bank digitalized currencies

Alistair Brown, Global Head of Open Banking & Payments, EPAM speaks to FinextraTV at Sibos 2022, providing his views on central bank digitalized currencies and their future in banking. Examining the current variations of CBDCs and what integrating them into traditional systems will mean for the market, Brown considers where the control of CBDCs will solidify in a market where tech companies and ba…

We Move To A Digital Currency in 2023


America to Release Central Bank Digital Currency in 2023.. Add me on IG @ThisisJohnWilliams

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Jerome Powell made a breaking announcement on Friday about Americas Central Bank Digital Currency release that is scheduled in 2023. This will change Americas entire monetary system as well as our role as being the worlds reserve currency. This is breaking news for America and our banking system as a whole. What do you think about America having a central bank Digital currency and completely leaving the Fiat system over the coming few years? That seems to be the trend – if we leave the central bank fiat system what will payments look like for everyday items such as property tax, food, clothing and produce?

Jerome Powell is the head of the Fed and makes many of the announcements on future trends on interest rates as well as new directions for America and our monetary system.

Do you think that our monetary system as a whole will go through a big change over the coming few years and that fiat currencies will be a thing of the past? It seems that 9 out of 10 countries in the world are moving in the direction of using a central bank digital currency at this moment.

Will this happen as soon as 2023? It seems like the monetary system will be going through this change now.

Fed’s ‘Digital Dollar’ Idea Has Frightening Implications For Privacy And Freedom | What’s Ahead


Steve Forbes warns against the Federal Reserve’s possible Central Bank Digital Currency initiative.

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Central Bank Digital Currencies


A FUTURE OF FINANCE WEBINAR WITH CENTRAL BANKERS, BLOCKCHAIN NETWORKS AND BANKS

Tuesday 7 July 2020 2.00-3.00 pm UK time

One in four people now live in a jurisdiction where the central bank is exploring whether to issue a Central Bank Digital Currency (CBDC), and one in ten of those central banks plans to issue a general purpose CBDC soon. Central banks have many different motivations and objectives, but CBDCs have the power to change everything in financial markets: monetary policy, how payments are made and how securities are traded, cleared and settled. As a Future of Finance event, this panel will marry the experience of the incumbents with the energy of the entrepreneurs to plot a future which transforms the productivity and profitability of financial services.

Panellists:

Daniel Eidan, Solutions Architect R3
Robert Patalano, Deputy Head of Division OECD
Keith Bear, Fellow, Cambridge Centre for Alternative Finance
Alex Powell, CTO Euroclear
Simon Chantry, Co-Founder BITT
David Shrier, Founder and CEO Visionary Future
Dr Sean Stein Smith, Assistant Professor Lehman College (CUNY)
Moderator, Dominic Hobson, Co-Founder Future of Finance

The Future of Central Bank Digital Currencies


What do the brightest minds in the space consider when they think about the design of a central bank digital currency (CBDC)?

Anders Brownworth, Principal Software Architect at The Federal Reserve Bank of Boston, joins Real Vision’s Ash Bennington for a journey through #ProjectHamilton, a joint initiative between the Federal Reserve and MIT to investigate the technical feasibility of a general-purpose CBDC.

One goal of this project is to make them faster than existing legacy systems and new blockchains, including Bitcoin. Visa averages around 1,700 transactions per second, Bitcoin five to 10. One of the transaction processors Project Hamilton tested processed 170,000 transactions per second.

Project Hamilton found, however, that by eliminating a “chokepoint,” it could reach up to and beyond 1.7 million transactions per second. Tune in to learn how these designs work, why transactions may change in the future, and what new findings are on the horizon. Click here to read Project Hamilton’s executive summary and white paper: https://rvtv.io/3rjspV9

#crypto #CBDC

Published on Real Vision platform on April 12th, 2022

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TIMESTAMPS / CHAPTERS:

00:00:15 Overview of CBDC Research Initiative “Project Hamilton”
00:07:44 Comparative Analysis of Project Hamilton and Bitcoin
00:18:32 How Transactions are Secured
00:22:31 The Transaction Process and Transaction Speeds
00:26:48 How Architectural Design Affects CBDC Transactions
00:37:55 Future Research Initiatives and Final Thoughts

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