Digital currency—a central banker’s view New Money Review podcast

This year’s coronavirus pandemic has accelerated plans for the introduction of central bank digital currencies (https://newmoneyreview.com/index.php/2020/03/25/coronacrisis-accelerates-state-digital-currency-plans/) (CBDC)—a mobile-ready replacement for our state-issued banknotes and coins.
But many of the most important design aspects of CBDC are still unanswered (https://newmoneyreview.com/index.php/2020/10/13/keeping-money-public/).
In the latest episode of the New Money Review podcast, Aleksi Grym, head of digitalisation at the Bank of Finland (https://www.bofbulletin.fi/en/author/aleksi-grym/), shares a central banker’s view on CBDC, the accelerating shift to online commerce and the growing role of big tech firms in money.
Listen to the 30-minute podcast to hear more about:

* The digitalisation of payments
* Why demand for cash is increasing at the same time
* Finland’s past experiment with state digital money
* Where to strike the public/private balance in the provision of payment services
* Why the costs of cross-border payments remain stubbornly high
* How big tech firms’ role in payments is certain to increase further
* Why bitcoin is already challenging regulated payment networks
* Should there be transaction privacy in digital money?
* Could state payment services compete by offering better data protection?


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