The meaning of digital cash
What is "digital cash" and how could it make our lives better? The RBNZ's Ian Woolford joins Bernard to explain how our central bank is thinking of improving economic resilience, increasing consumer payment options and supporting innovation.
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Show Notes
The Reserve Bank wants to know how the public feels about a potential new type of digital cash. This digital currency would be exchangeable one-for-one with ‘old’ forms of bank-issued electronic money and ye olde paper cash and metal coins, but would not outright replace the physical stuff. RBNZ’s Head of Money and Cash Ian Woolford joins Bernard to discuss what’s different with this new digital cash, what problems it could solve and how it might open up a whole new front in bank competition.
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