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2 questions
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How would a Central Bank Digital Currency be different from a private bank deposit?
Both are digital, both can be transferred digital, and both are denominated in the same currency. A CBDC is "a direct liability of the central bank, rather than of private banks or coin issuers&...
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How does Distributed Ledger Technology-based Central Bank Digital Currency provide efficiency gains and serve as a contingency payment medium?
From reading Lannquist,2020, p.7, they said
DLT-based CBDC "could offer diversification in payment “rails”, providing efficiency gains or serving as a contingency payment medium."
I am ...
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