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As the Bank of Canada prepares for a digital Canadian dollar, democratic concerns loom large
(theconversation.com)
this post was submitted on 25 Jun 2023
37 points (97.4% liked)
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It looks the same on the surface, however underneath the existing system has a lot of layers that were created over the history of the banking system that don't need to exist in a digital ledger system like this.
Yeah; this would replace the onion that is EMV with a straightforward digital ledger standard backed by the Bank of Canada.
Under such a system, physical cash could become NFTs of the digital equivalent (and not NFTs in the cryptobro sense).
This could make currency management much less expensive.