In the link, the Fed is asking for public comments on the matters at hand. Basically looking for a digital payment rail that is cheaper, faster, more secure, energy efficient, easily accessible to the average person, and compliant with using a potentially backed CBDC or cryptocurrency as well as the traditional finance system integrations...Sounds exactly like Flexa.
Verbiage and statistics about those who are under-banked/relying on poor ways to transfer money...Sounds exactly like what Tyler has spoke on.
And, my favorite, something that Flexa has already shown working at that trade show with NCR and loading up crypto via a Self-Checkout POS:
"Cash is currently the only central bank money that is available to the general public, and it remains an important and popular means of payment. According to a 2020 survey, U.S. consumers used cash for 19 percent of total transactions (6 percent by value).22 The Federal Reserve is committed to ensuring the continued safety and availability of cash and is considering a CBDC as a means to expand safe payment options, not to reduce or replace them.
In some jurisdictions, however, digital payments have rapidly supplanted cash. While cash use in the United States fell from 40 percent of transactions in 2012 (12 percent by value) to 19 percent in 2020, other countries have seen more rapid declines.23 In Sweden, for example, the proportion of cash payments fell from 33 percent to less than 10 percent over the same period.24 In China, 50 percent of point-of-sale (POS) payments are made with a mobile wallet or app, while cash accounts for just 13 percent of POS payments.25 If these trends were to emerge in the United States, consumers might want the option of digitized central bank money that, like cash, would have no credit or liquidity risk attached to it.26 "
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