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A bunch: - internetwork payments - interbank payments - fraud prevention and insurance layer - retail consumer debt underwriting - payments infrastructure
by parl_match 3y ago
A bunch:
- internetwork payments
- interbank payments
- fraud prevention and insurance layer
- retail consumer debt underwriting
- payments infrastructure and endpoint standards, security, and deployment
CBDCs do take away a fair amount of responsibility from existing private EFT, and I personally think can be a net positive, but they're a piece of the puzzle.
- josh2600 3y agoHard agree. CBDCs are a substrate. There will always be integrations to the substrate. Ideally protocols are as simple as possible and applications utilize them to build bespoke services. If the protocol itself is too customizable it becomes extremely difficult to interop.
- parl_match 3y agoAnother thing that people often get wrong is that they think of these financial systems as "just" services. There's a lot of human work involved.
- seydor 3y agointerbank and internetwork are not really needed with Cbdcs right? I assume that banks will take care of fraud prevention , and payments infrastructure will not be cards but an app?