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Bitcoin. Stablecoin. CBDC. Who Changed My Money?
What effect CBDCs will have on the monetary system is a key question facing central banks, says Neha Narula of MIT Media Lab.
What is money to you?The cash in your wallet? The balance in your bank account? The credit limit on your card?As Neha Narula, now director of the digital currency initiative at MIT Media Lab, put it in a TED talk a few years ago, money, at its most basic, is anything that communities and societies attach collective value to.For most of our lifetimes, money has been fiat currency—backed by governments and the value they attach to it. ...
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