Kiffmeister’s #Fintech Daily Digest (08/20/2020)

 A Global Look at Central Bank Digital Currencies
The Block Research published a white paper that explores the history, motivations, early technical designs and implementations of the world’s most advanced central bank digital currency (CBDC) proposals. It is based on a review of central bank and international organization literature, plus interviews with various stakeholders, including yours truly (see page 38).

The Federal Reserve And Central Bank Digital Currencies
This Davis Polk & Wardwell LLP memo delivers key takeaways on the Federal Reserve’s recent announcement about its research into central bank digital currency, along with some useful resources. It also places the Federal Reserve’s recent announcement, in a speech by Governor Lael Brainard, in the overall international context.

Algorand upgrade targets legacy financial systems
Comprehensive upgrades to the Algorand blockchain will enable the creation of massively scalable dapps with the capacity to compete with established financial systems at a fraction of the cost. Algorand was built from the outset to drive complex applications requiring speed, scalability, finality, and security – while at the same time being cost-effective. Already nearly 400 companies are using the platform in sectors such as: investing (Republic), asset tokenization (Props), stablecoins (Tether, USDC, MELD Gold), CBDCs (Marshall Islands), gaming (World Chess), insurance (Attestiv) and accounting (Verady).

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