Fast payments and central bank digital currencies: rivals or partners?

Holti Banka, a Senior Financial Sector Specialist at the World Bank, tackles the intriguing relationship between fast payments and central bank digital currencies (CBDCs). He highlights how these two systems can either clash or collaborate. The discussion reveals their shared goals and distinct impacts on policy. They delve into the research on retail CBDCs and fast payments, exploring implementation challenges and the crucial role of central banks. The conversation wraps up with insights into future innovations, emphasizing regulatory needs and cross-border interoperability.