MARKETS DAILY: Featured Story | The Real Use Case for CBDCs: Dethroning the Dollar

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 16 July 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey. Today's episode is sponsored by Kraken Pro. Today’s featured story is an opinion piece from CoinDesk’s Michael Casey, titled: “The Real Use Case for CBDCs: Dethroning the Dollar.” - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:50.0	This episode of Markets Daily is sponsored by Cracken.
0:57.9	It This episode of Markets Daily is sponsored by Cracken. It's Sunday, July 16th, 2023, and this is Markets Daily from CoinDisc.
1:03.7	George Kluud is here again with your weekend story.
1:07.0	On today's show, we're taking a look at CBDCs.
1:10.0	And just a reminder, CoinDisc is a news source and does not provide investment advice.
1:22.2	Today's story is an opinion piece by CoinDisc Chief Content Officer Michael Casey titled
1:27.1	The Real Use Case for CBDCs, Dithroning
1:30.3	the dollar.
1:31.3	Much like the cruel joke Charles de Gaul reportedly cracked about Brazil, that it's the country
1:37.0	of the future and will always be, predictions of the end of the dollar-based international
1:42.0	monetary system seem to belong to a future that will never
1:45.7	arrive. Yet that future is coming. Faster than all the prior failed forecasts of the end of
	...

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