CBDC Broadcast #25 - vATM: Enabling Seamless CBDC Adoption
April 30th, 2024 · 1 hr 17 secs
About this Episode
| David Chaum (CEO Elixxir.io & Original Founder of XX.network)
| Animesh Ghosh (Founder & CEO, Currency Network)
In this session of FNA’s 60-minute webinar series, The CBDC Broadcast, guests David Chaum and Animesh Ghosh join us to offer insight into Currency Network’s vATM solution.
We’ll hear how this innovative CBDC solution aims to break down the barriers to CBDC adoption by simplifying and reducing the cost of CBDC implementation as our guests discuss how the vATM solutions offer frictionless CBDC payments through the contactless PoS system while ensuring cash-like privacy by combining advanced cryptography with financial messaging.
The session covered:
- The key challenges hindering widespread CBDC adoption and how vATM aims to address these issues
- How the vATM solution simplifies the implementation of CBDC for Central Banks and Commercial Banks
- How the solution leverages existing merchant payment infrastructure to reduce the cost and complexity of CBDC rollout
- How the vATM solution offers cash-like transaction privacy for CBDC users
- The eCash 2.0 technology underpins the privacy capabilities of the vATM solution