- Great time for a programmable digital currency.
- For boosting economy, stimulus, universal income.
- Bottom-up: cannot be hoarded or used for, say, liquor.
- Top-down: cannot be hoarded, or used for, say, lambos.
- Not convertible to fiat, can be used only within ecosystem.
- Transparent, non-anonymous. If want privacy, use private cash.
- Use data analysis to suss out unusual activity eg. black markets.
- Works online and offline: stored value cards, ewallets, accounts.
Digital Bank
- Regulated custodian of fiat. digital currency, safe synthetic assets.
- Does not lend, does not retail investment products or insurance.
- Revenue through government bonds or user fees.
- Mainly virtual but has customer facing offices, cards and ATMs.
- Fast, KPI-based, customer service.
- Prominent and diverse board of advisors or inspectors.
- Facilitates cross-border, interbank & tech (Paypal etc) transactions.
- Open ecosystem, supports gateways, ewallets and dashboards.