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Partner Content: Introducing the Stanford GSB Podcast 'If/Then.'
May 1, 2024
GSB finance professor Darrell Duffie discusses the future of banking with a digital dollar. Topics include the impact of digital currency on banking systems, the advantages of digital dollars, concerns around privacy, global trends in central bank digital currencies, US dollar dominance, cryptocurrency volatility, and blockchain for financial inclusion.
20:53
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Quick takeaways
- A digital dollar could future-proof banking systems by enhancing transaction security and accessibility.
- Privacy concerns and regulatory challenges must be addressed to prevent over-regulation and exploitation of payment systems.
Deep dives
Digital Dollar as Future of Banking
The podcast delves into the concept of a digital dollar as a potential solution to future-proof banking systems. It contrasts Bitcoin's limitations with the advantages of a digital dollar, emphasizing its reliability and potential for automatic transactions. The discussion highlights the potential benefits such as ensuring safer payments, promoting financial inclusion, and facilitating cross-border transactions.
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