undefined | Better HN

0 pointsadolph3y ago0 comments

An alternative to ACH need not push the technology down to the consumer but leave it at the interbank level.

0 comments

Yes, this is exactly what a CBDC will do.

You'll still spend USD just like before --- not CBDC tokens. The only thing the consumer will see is new capabilities and transaction speed that didn't exist before.

Basically, a CBDC will be used to add digital wallet functionality to everyone's existing bank account.

j / k navigate · click thread line to collapse

0 comments

jqpabc1233y ago

Yes, this is exactly what a CBDC will do.

You'll still spend USD just like before --- not CBDC tokens. The only thing the consumer will see is new capabilities and transaction speed that didn't exist before.

Basically, a CBDC will be used to add digital wallet functionality to everyone's existing bank account.

j / k navigate · click thread line to collapse

0 pointsadolph3y ago0 comments

An alternative to ACH need not push the technology down to the consumer but leave it at the interbank level.