Today, I’m grateful to be speaking with Ian Woolford, the head of money and cash at the Reserve Bank of NZ.

Central Bank Digital Currency, branded as 'digital cash' by the RBNZ, has the potential to give the banking scene the boot up the backside we desperately need. One step further, trillions of dollars of assets migrating into the digital ecosystem (which is what CBDC's help facilitate) will usher in the most significant changes to wealth we've EVER seen.

Concerns exist, absolutely, especially over the long term.

A responsible and trustworthy RBNZ is the at the base-layer of our financial system. CBDC's have the potential to dramatically increase the power they hold. Our trust in them must therefore increase over time.

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