Bonus: Why the Reserve Bank is trialling a digital currency
Crypto Curious
03/09/23
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Blake appeared on The Dive this week with Sascha to talk about the Reserve Bank - and their trial of the use of a central bank digital currency here in Australia.
The world is rapidly moving towards a cashless society – Cash was used for 59% of point-of-sale transactions in 2022, down from 72% in 2019.
But in Australia less than 25% of transactions use cash, in the UK it’s just 15% and in Norway, only 3% of payment transactions are cash!
So our currency is basically digital already. So when the RBA announced plans to create a Central Bank Digital Currency our biggest question was... Why? Isn’t the Aussie Dollar pretty digital already?
So we set out to better understand this emerging world of Central Bank Digital Currencies or CBDC’s today.
Tell us what you think of The Dive – email us at thedive@equitymates.com. Follow our Instagram here, or find out more here. Stay engaged with the Equity Mates community by joining our forum.
In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
The Dive is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
In this episode, guest host Mark Monfort joins Trace and Craig to discuss the latest news in the world of cryptocurrency. The trio starts with the unfolding story of Silvergate Bank and its troubles in the United States, exploring why this matters in the crypto world. Additionally, they highlight the crypto community's efforts in aiding the victims of Turkey and Syria's devastating earthquakes.
The conversation then shifts to Australia, where the team takes a closer look at the country's pilot program for Central Bank Digital Currencies (CBDCs). As the world moves closer to a digital future, CBDCs could have a significant impact on the financial industry.
Tune in to this episode for an insightful discussion on the latest cryptocurrency news and its potential implications.
Follow Crypto Curious on Instagram, or send the team an email with all your thoughts here.
Here's the link that Mark was talking about: Crypto Tracker
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In the spirit of reconciliation, Equity Mates Media and the hosts of Crypto Curious acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
*****
Crypto Curious is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
Crypto Curious is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
In this weeks episode Trace, Blake and Craig have a lot to unpack as the US Banking system faces its biggest challenge since the 2008 collapse. This impacts the crypto world in numerous different ways and the Crypto Cururisou team lay this out as they explain the developments from the past 7 days.
They also give you a great round out at where we are with the Ethereum staking situation. What is staking? How can we ‘stake’ our Ethereum? And what is happening next on the Ethereum network? This is an episode not to be missed!
Follow Crypto Curious on Instagram, or send the team an email with all your thoughts here.
*****
In the spirit of reconciliation, Equity Mates Media and the hosts of Crypto Curious acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
*****
Crypto Curious is a product of Equity Mates Media.
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
Crypto Curious is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.
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