CBDC Central Bank Digital Currency Might Remove New York as an Intermediary

1 year ago
5

In this video, we explore the concept of a central bank digital currency (CBDC) and how it could potentially remove the need for intermediaries like New York in the financial system. CBDCs are digital versions of traditional fiat currencies, issued and backed by central banks. They have the potential to revolutionize the way we make payments and transfer money by providing a secure and efficient digital alternative to cash. With a CBDC, transactions can be settled directly between two parties, bypassing the need for intermediaries like banks and clearing houses. This could have significant implications for the financial industry, particularly in a place like New York which serves as a major hub for financial intermediation. Watch the video to learn more about the potential impact of CBDCs on the financial landscape. #cbdc #centralbank #digitalcurrency

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