How money is being rebuilt, and what it means for you. Tokenized deposits, stablecoins, CBDCs and payments, explained in simple terms. Educational purposes onlyyoutube.com/@digitalmoneye… WorldwideJoined August 2023
Why can a text reach the other side of the world in seconds, but a bank transfer take days? 🤔
Your money doesn’t move as simply as you think!
🏦 We explain how bank transfers work, why they’re slow, and how digital money will change everything, see the explainer below..
@ShillGuard@HSBC The interesting part is that tokenisation doesn't necessarily change what the money represents. A tokenised bank deposit is still a claim on a bank. The potential change is how that money can be transferred and settled.
@OGFIGO@0xluckywiz One important distinction is that a stablecoin's target value doesn't make it risk-free. The issuer, reserves and redemption arrangements matter just as much as the technology.
The big question is what happens next.
Will stablecoins and tokenised deposits compete - or will they end up serving different purposes in the same financial system?
We're Digital Money Explained.
We break down how money is being rebuilt, and what it means for you!
Money is changing.
Not just how we pay for things - but what form money takes, how it moves, and who builds the infrastructure behind it.
Two developments worth understanding:
→ Stablecoins
→ Tokenised bank deposits
🧵 Let's break it down..
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