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Published 26 days ago

Cashless: Is Digital Currency The Future Of Finance? With Darrell Duffie

Summary by Hoover Institution

Hoover Institution fellow Darrell Duffie discusses the benefits of central bank digital currencies (CBDC), that include improved financial inclusion, lower cross-border payment costs, and more timely and secure transaction processing. Duffie sees two major impediments — privacy concerns and the potential impact on the US dollar's global dominance.

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Hoover Institution

Cashless: Is Digital Currency The Future Of Finance? With Darrell Duffie

Hoover Institution fellow Darrell Duffie discusses the benefits of central bank digital currencies (CBDC), that include improved financial inclusion, lower cross-border payment costs, and more timely and secure transaction processing. Duffie sees two major impediments — privacy concerns and the potential impact on the US dollar's global dominance.

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