“If we were able to create a well-designed interface to a central bank digital currency, we could do for the transfer of value what the internet did for the transfer of information, which is create a platform for innovation.”
–Neha Narula, head of Project Hamilton, a U.S. Federal Reserve collaboration with MIT on building a central bank digital currency. More than 60 countries and jurisdictions are currently researching or deploying their own digital tender. Fed chair Jerome Powell has commented that, “it’s more important to get it right than to be first.” [Quartz]
