CBDCs may not solve a problem today, but for a problem 'the day after tomorrow,' says diliprao, the program director behind Australia's in-pilot CBDC project.
Central Bank Digital Currencies may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot.
Speaking to Cointelegraph, Dilip Rao, a former Ripple executive who's now spearheading Australia’s in-pilot CBDC research project, believes a central bank-issued currency could be built for use cases not yet considered:Rao serves as the research program director at the Digital Finance Cooperative Research Centre which is collaborating with the Reserve Bank to exploreRao, however, said the question is yet to be answered why individuals would want or need to use one.
One possible future use, Rao explained, could be large institutions trading tokenized assets on marketplaces that may prefer using a CBDC to mitigate risks.15 use cases demonstrated, three panels offered deeper insights into the
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