Instantly Deposited Into Digital Wallets - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Instantly Deposited Into Digital Wallets

Instantly Deposited Into Digital Wallets

Depending on a CBDC platform’s structure, CBDCs could be deposited directly into digital wallets nearly instantly. In the model where citizens had accounts at their central bank, stimulus payments from the central bank could be delivered in seconds, assuming adequate Know Your Customer (KYC) checks were in place at a national level. In the indirect two-tier model, where commercial banks remain central to the financial system, stimulus via CBDCs could still be faster than today’s model.

STASHED IN:

2

MORE IDEAS FROM THE SAME ARTICLE

Ripple believes that governments should enable CBDCs to their fullest capabilities to support their constituents and unleash the next wave of financial inclusion and 

Proponents of central bank digital currencies (CBDCs) often point to the additional fiscal policy options that CBDCs enable such as efficient stimulus payment delivery. The COVID-19 pandemic highlighted this weakness in the U.S. financial syste...

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Economic Free Fall

The current pandemic has led to an economic free fall which is unparalleled in history. In the US alone, the unemployment rate plummeted at such a speed that more than 10 million have claimed unemployment insurance in a matter of three weeks.

With over 30 percent of the U.S. population ex...

4

STASHED IN:

123

Paper Money

The instruments of trade and finance, like paper money, are groundbreaking inventions, put to use by collective acceptance using authority and seals of trust.

7

STASHED IN:

138

Recessions come and go

  • A recession is "good" or "bad," depending on who it impacts and how badly it affects them.
  • In the last thirty years, a recession has come and gone somewhere in the world every few years.
  • Globally, economies are in recession 10-12% of the time.
  • Economic booms are j...

STASHED IN:

38