Thread by @UtilityTheory

New CBDC Paper "New Era for Money"

Quotes:

"End is near for unregulated stable coins and
lists @Tether_to fraud as an example"

Regulations incoming soon?

#CBDCs #stablecoins #money #fintech #DLT #regulated #research #banking
Does this connect with #ripple #Quant?👀

-Thread-

1. Project "New Era"

Awesome name to describe exactly the revolution we are going through!

My question since this is talking about CBDC is the UK does this connect with @Ripple & @digitalpoundfdn

#CBDC #ripple #h

2. Lists problems with UNREGULATED stable coins:
• Digital Runs
• Dollarization
• Concentration Risk
• Disintermediation risk
• Consumer & Investor Fraud
#stablecoins @Bitfinexed

3. Update for those who don't know
CBDC's will replace stablecoins one day.

#CBDC #CBDCs #DLT #fintech

4. They keep referencing the House of Lord CBDC document. That is where I found the hidden citation of @Ripple's proposal for using XRP & ripple's federated side chains for a CBDC layer in the UK.

Check out the video to see that document

5. Digital currencies are a platform for change.

•DLT provides near-instant settlement
•24/7 availability
•Automated & Programmable payments
•Potential for operational simplification and lower transactions costs

#DLT #Blockchain #Crypto #stablecoins

6. Types of CBDC models

Primary and secondary drivers and benefits for issuing a CBDC.

#DLT #Fintech #4IR #CBDCs #money #digitalization #openbanking

7. Progammability deep dive:
An explanation of programmability.
An example of programmability.
The development of programmability.
#CBDC #Smartcontracts #DLT #blockchain #4IR

8. CBDC Compliance and privacy protection

Identities will be separated from the core ledger.

9. Track countries CBDC progress like the elite:
cbdctracker.org

10. @StellarOrg and @inside_r3 Corda

Mentioned in global CBDC landscape review

$XLM #XLM #XDC $XDC

11. @IBMBlockchain @Deloitte @KPMG @ConsenSys
Look at @XX_1133_1221_11 mindmap of IBM blockchain connections

12. Roadmap of public - private partnership towards a CBDC
• Pre CBDC (Private issuer)
• Synthetic CBDC
• CBDC

Mentions "Tokenization Engine"
#fintech #banking #CBDC #DLT #blockchain

13. Transaction flow of a Pre CBDC

#CBDC #deepthinkers #future #of #money #fintech

14. Cross border transactions reached 130 trillion in 2019

15. The problem with Swift:
Swift GPI brings settlement to one day but still charges between $25-$40 euro and banks also charge intermediary or FX fees.

Now compare this to settling with $XRP & $XDC

Which would you choose?

16. Digital Financial Market Infrastructure:
Multiple digital assets on the same ledger for P2P TXNs

A consortium of ledgers - FULLY interoperable mCBDCs

17. Tokenization as a Service

Ripple federated side chains?

Plug and play payment infrastructure.

Visual examples from @XX_1133_1221_11

18. A new era for digital payments

Digital money is no longer a niche topic for speculative enthusiasts

Global Financial Structures are already at play

A new era of efficiency, competition, financial stability, security and public trust, all backed by rep. and liquidity.

19. I know this was a technical review but I wanted to show my fellow Citizens what is going on.

We are in the midst of the 4th industrial revolution.

RT first tweet to spread the word because the mainstream media is covering this up!

#4IR #research #Review #DLT #Blockchain