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GP is talking about retail CBDC, which is user-facing in addition to being bank-facing only like current central banks. Not all CBDCs talk about retail, and it’
by baby 5y ago
GP is talking about retail CBDC, which is user-facing in addition to being bank-facing only like current central banks. Not all CBDCs talk about retail, and it’s not clear if any would actually aim to provide that feature.
- anm89 5y agoA vast majority of discussion about CBDC is about retail CBDC. Interbank and internation transactions are already digital. The Fed already has wholesale digital liabilities
- baby 5y agoThat's not true, and the point of a CBDC is not just that it's digital but that you easily join and use the network. Today interbanking is a mess.
- toomuchtodo 5y agoInterbanking is as mess, but the standard everyone is settling on is ISO 20022 messages and the plumbing will slowly be refactored for pushing these messages around. https://www.iso20022.org/iso-20022 https://www.iso20022.org/iso-20022