Launching a payment product requires big moonshot thinking alongside a lot of agonizing over the details. Understanding the market, the customer journey, and the technology - from every angle requires patience, persistence, and a beginner’s mindset to learn from every success and failure. Thinking about launching a new form of currency, however, is on another level altogether.
There’s an entire population of a country to consider - what does each segment of the population require to be able to use the currency? Then, there is the currency’s role in supporting the economy. How will a new currency be protected from counterfeiting, and what controls will be required to prevent its misuse? How will it work with legacy payment systems and commercial banks? And how will it adhere to laws in place today and be prepared for tomorrow? Last but certainly not least, which technologies will enable all of these things and more?
These were just some of the thoughts bubbling through my mind when I sat down with Jim Cunha, former EVP at the Federal Reserve Bank of Boston, to discuss the capstone project of his career - Project Hamilton - and the questions he and his team sought to answer as they embarked on their CBDC experiment. I hope you enjoy hearing Jim’s insights on digitizing the world’s reserve currency - I sure did.
Episode 198 - The Rapid Rise and Bright Future of Pix with Carlos Brandt, Head of Management and Operations for Pix at the Central Bank of Brazil - Pix Series #3
Episode 197 - The Core Processor's Perspective with Carlos Netto and Sarah Hoisington, Matera - Pix Series #2
Episode 196 – Fanning the Flames: PaymentsPost #2
Episode 195 - Fast Payments Reach a Transformative Stage - Pix Series #1
Episode 194: Fanning the Flames: Fast Payments, Digital Currencies and Fraud - Recent Conference Updates
Episode 193 - Fanning the Flames: Help! Am I becoming a Fintech?
Episode 192 - The Rising Value of Rich Account Data with George Throckmorton, Nacha
Episode 191: Fanning the Flames: A Year in Travel - Jordan
Episode 190: Fanning the Flames: A Year in Travel - French Polynesia
Episode 189: Fanning the Flames: A Year in Travel - Singapore
Episode 188: Fanning the Flames: A Year in Travel - Turkey & Ethiopia
Episode 187 - Fanning the Flames: A Year in Travel - Brazil
Episode 186 - Data Security and Privacy with Michael Borgia, Davis Wright Tremaine
Episode 185 - Fanning the Flames: Glenbrook Education Program
Episode 184 - Talking ACH with Michael Herd, Nacha
Episode 183 - Fanning the Flames: Money20/20 Recap
Episode 182 - Steering the Fintech through Regulatory Waters - Cameron Peake, Restive Ventures
Episode 181 - Michael Steinbach, Worldline
Episode 180 - Fanning the Flames: Money20/20 Preview
Episode 179 - Understanding US Payment Regulation with Jennifer Aguilar, Alston & Bird LLP
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