this post was submitted on 16 Apr 2024
11 points (86.7% liked)

Aotearoa / New Zealand

1653 readers
3 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 1 year ago
MODERATORS
Dave@lemmy.nz
RaoulDuke@lemmy.nz
11
Reserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant ' (www.rnz.co.nz)
submitted 7 months ago by purrtastic@lemmy.nz to c/newzealand@lemmy.nz
41 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] BalpeenHammer@lemmy.nz 0 points 7 months ago

Whenever I hear things like this, I ask ‘What’s the problem they are actually trying to solve?’

Let me list some possible benefits. Presume a premined centralized currency like XRP.

  1. You can impose a mining fee and control the exchanges (miners). This would impose a tiny tax on every exchange of money and you can reduce or eliminate other taxes.
  2. Easy exchange and transfer of money to and from overseas.
  3. Easy peer to peer payments.
  4. Easy tracking of transactions to eliminate money laundering.