Quote:
Originally Posted by calgarygeologist
I know I'm becoming an old man and as such I am and will be increasingly out of touch with technology. But what benefit does a digital loonie have over the already easy transaction availability? I can transfer funds from my bank account, use my debit card/Interac at pretty much all retailers in person or online and if I can't use the debit card/Interac I can use a credit card.
Someone educate me.
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Instant movement of larger sums of money and lower transaction fees would be the main benefit.
i don't think they're particularly serious about this at this point. I think they're just trying to be ready in case crypto starts to get more popular as an actual currency, because that reduces the ability for the central bank to enact its policies. The idea is, a digital currency could mostly match the benefits of crypto (as a currency, not as a store of value).