The charm of central bank digital currencies in a polarised world
The Sound of Economics
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The Importance of Instance Payments
The ECB and the Euro system build one, it's called TIPS. You can do instant payment between banks of the Euro system, almost for free, 24 hours per day. We don't have our FedNow system up and running yet in the US but there are things that can't be serviced over the weekend. And I think an important motivatorOur CBDCs and the adoption of CBDCs is because governments spent an extraordinary amount of fiscal and monetary stimulus before they realized what was going on. So we see a way to deliver retail government taxes to citizens where you're doing direct bank card transfers. They were waiting weeks for stimulus checks in the U.S. But when
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