CBDC Broadcast #20 - New Digital Currencies Shaping the Future of Money

About this Episode

With:
| Sharmyn Powell, Chairperson, Fintech Working Group, East Caribbean Central Bank (ECCB)

Sharmyn Powell (ECCB) joined session #20 of The CBDC Broadcast to discuss the promise and perils of emerging digital currencies.

Drawing upon her deep expertise, Sharmyn shared her perspective on how digital currencies, from rCBDCs to stablecoins and tokenized deposits, are changing the payment ecosystem and offered insight into the Dcash rCBDC project.

The session covered:

• The main motivation for rolling out DCash and an update on DCash adoption
• The factors driving/curbing DCash adoption, including education, internet access and use cases
• Why digital monies like cryptocurrencies, stablecoins, and retail CBDCs have seen limited adoption so far
• The role of regulators and supervisors regarding digital currencies
• How digital currencies can foster innovation and benefit the public
• how can CBDCs and vehicles like DCash replicate the benefit cash offers at-risk groups