MONEY REIMAGINED: Unraveling the Digital Currency Landscape With Riccardo Ricchi

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 19 May 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by EY. Join Michael Casey and Sheila Warren on this episode of “Money Reimagined,” as they delve into the multifaceted world of digital money and explore the intricate dynamics that shape its scene with Head of Policy and Government Relations Riccardo Ricchi of The Payments Association located in the UK. Together they unravel the differences between stablecoins, cryptocurrencies, and CBDCs, shedding light on the diverse forms of digital currencies that exist. Data privacy and surveillance concerns take center stage as they discuss the implications of a digitized monetary system on personal information and surveillance practices. Their conversation will take you on a journey through the evolution of Bitcoin and stablecoins, recognizing their significance as the next generation of money. Finally, the role of regulation is examined in embracing programmable digital assets and the challenges and opportunities it presents in this ever-evolving financial landscape. Join us as we explore these thought-provoking topics and navigate the exciting future of digital money. SUMMARY: Introduction to, central bank digital currencies, stablecoins and crypto. (0:00) Innovation is unstoppable, it's happening. (2:44) Differences between stablecoins, CBDCs and crypto. (8:06) Programmable money and digital money. (13:48) The conflation of programmable money. (16:21) The idea of choice in India. (22:55) The impact of CBDCs on banks. (27:29) Banking disintermediation. (29:36) The Policy Crisis. (33:08) LINKS: thepaymentsassociation.org Article from CD: Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rule From our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.com Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is sponsored by EY.
0:09.3	Money is changing, both in form and function.
0:14.6	Money Reimagined is about the changing nature of money, digital currencies, and
0:19.6	various topics related to finance, blockchain technology, digital currencies, and various topics related to finance,
0:22.1	blockchain technology, artificial intelligence, and more.
0:25.9	Michael Casey and Sheila Warren walk us through the dynamic and evolving nature of the global
0:30.6	economy and the implications for businesses, governments, and individuals, as they must adapt
0:36.2	to new payment methods and technologies.
0:39.3	Welcome to Money Reimagined.
0:46.0	Hello and welcome to Money Reimagined. I'm Sheila Warren.
0:49.6	We've talked a lot about this show about money, about tech, about politics.
0:53.7	Today we're going to focus a bit
0:55.0	on the intersections among three different kinds of digital currencies, central bank digital
0:59.6	currencies, stable coins, and crypto. These things have been a bit elided in the popular imagination
1:04.0	in recent months, in my opinion. Michael, what do you think? Yes, I think there is a great
1:08.4	deal of confusion around what these things are. I think that the word
1:13.1	crypto itself is almost like evoking an image of a culture, right? A sense of belonging to this
1:20.6	broad idea that some people see very negatively. And that to me confuses the conversation around the actual
1:28.3	technology. And those technologies, there's a variety of technologies, a variety of different
1:33.1	frameworks. And I think it's been very difficult to cut through the noise of crypto as a kind
1:39.3	of culture or an idea, almost like a typecast person, and to get that aside and focusing on actual
1:46.9	technology and what it does and how we define it, what taxonomy we use, et cetera, et cetera.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.