Jetblackeyes
2022-01-13
Pls like
Visa, Consensys Partner to Build Tech for Central Bank Digital Currencies<blockquote>Visa 与 Consensys 合作伙伴为中央银行数字货币构建技术</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
1
2
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":694556980,"tweetId":"694556980","gmtCreate":1642052446889,"gmtModify":1642052447193,"author":{"id":3584322535335724,"idStr":"3584322535335724","authorId":3584322535335724,"authorIdStr":"3584322535335724","name":"Jetblackeyes","avatar":"https://static.tigerbbs.com/227c87d3e8eaa258f98f85885dd9173d","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":18,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Pls like</p></body></html>","htmlText":"<html><head></head><body><p>Pls like</p></body></html>","text":"Pls like","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/694556980","repostId":1113082725,"repostType":4,"repost":{"id":"1113082725","kind":"news","pubTimestamp":1642050879,"share":"https://www.laohunote.com/m/news/1113082725?lang=zh_CN&edition=full","pubTime":"2022-01-13 13:14","market":"us","language":"en","title":"Visa, Consensys Partner to Build Tech for Central Bank Digital Currencies<blockquote>Visa 与 Consensys 合作伙伴为中央银行数字货币构建技术</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1113082725","media":"Yahoo Finance","summary":"Visa (V) announced on Thursday that it will expand its crypto services one step further by partnerin","content":"<p><html><head></head><body>Visa (V) announced on Thursday that it will expand its crypto services one step further by partnering with blockchain software company Consensys to build an on-ramp for central bank digital currencies (CBDC).</p><p><blockquote><html><head></head><body>Visa (V) 周四宣布，它将与区块链软件公司 Consensys 合作，为央行数字货币 (CBDC) 建立一个入口，从而进一步扩展其加密服务。</body></html></blockquote></p><p>The payments giant aims to create a “CBDC sandbox,” available in the spring, where central banks can experiment with distributing the technology after minting on Consensys' Quorum protocol.</p><p><blockquote>这家支付巨头的目标是创建一个 “CBDC 沙盒”，将于春季推出，各国央行可以在 Consensys 的 Quorum 协议基础上，尝试分发这项技术。</blockquote></p><p>The partnership is the latest development in the booming cryptocurrency market, with central banks vying to mint their own digital coins and established financial companies dabbling in crypto payments.</p><p><blockquote>此次合作是蓬勃发展的加密货币市场的最新发展，各国央行竞相铸造自己的数字硬币，老牌金融公司也涉足加密支付。</blockquote></p><p>“Central banks are moving from research to actually wanting to have a tangible product they can experiment with,” Chuy Sheffield, Visa’s head of crypto.</p><p><blockquote>“Visa 加密货币主管 Chuy Sheffield 说：”各国央行正在从研究转向真正希望拥有一种可以进行实验的有形产品。</blockquote></p><p>CBDBs can run off distributed ledger or blockchain technology-built protocols. Unlike cryptocurrencies such as bitcoin (BTC-USD) or ether (ETH-USD), CBDC protocols are always "permissioned," meaning central banks maintain monetary and governance control.</p><p><blockquote>CBDB可以运行分布式账本或区块链技术构建的协议。与比特币（BTC-USD）或以太（ETH-USD）等加密货币不同，CBDC协议始终是“允许的”，这意味着央行保持货币和治理控制。</blockquote></p><p>The partnership uses a “two-tier” distribution model for CBDCs. Central banks would design their digital currency on Consensys' Quorum where they would set its monetary and governance rules. They then use Visa’s infrastructure to distribute the currency via financial intermediaries like commercial banks.</p><p><blockquote>该合作伙伴关系对 CBDC 采用 “两层 ”分销模式。各国央行将根据 Consensys 的法定人数设计数字货币，并制定其货币和治理规则。然后，他们利用 Visa 的基础设施，通过商业银行等金融中介分发货币。</blockquote></p><p>Eswar Prasad, a senior professor of trade policy at Cornell University and author of "The Future of Money," explained to Yahoo Finance some of the advantages of the Visa-Consensys model. It doesn't cut payment providers out of the equation, and could allow competition for who can provide the most efficient, low-cost services.</p><p><blockquote>康奈尔大学贸易政策高级教授、《货币的未来》一书的作者埃斯瓦尔·普拉萨德向雅虎财经解释了Visa-Consensys模式的一些优势。它不会将支付提供商排除在外，并且可以允许竞争谁能提供最高效、最低成本的服务。</blockquote></p><p>Prasad said that central banks will likely prefer to manage the payment infrastructure themselves.</p><p><blockquote>普拉萨德表示，央行可能更愿意自己管理支付基础设施。</blockquote></p><p>Yet he also pointed out that Visa's approach is also noteworthy for how it could "help maintain the relevance of its payment network amidst fast-moving changes in the payment space that could undercut its business model." The changes also include stablecoins and various fintech payment platforms.</p><p><blockquote>然而，他也指出，Visa 的做法还值得注意，因为它可以“在支付领域快速变化可能削弱其商业模式的情况下帮助保持其支付网络的相关性”。这些变化还包括稳定币和各种金融科技支付平台。</blockquote></p><p>Visa has been involved in crypto-related products since 2019, leveraging its existing payment network as an advantage for building "on-ramps" for buying crypto, and "off-ramps” for converting it back to fiat currency.</p><p><blockquote>Visa自2019年以来一直参与加密相关产品，利用其现有的支付网络作为优势，建立购买加密的“入口”和将其转换回法定货币的“出口”。</blockquote></p><p>It already settles transactions in one stablecoin, and more recently opened a crypto consulting service that caters to banks exploring cryptocurrency plans of their own.</p><p><blockquote>它已经用一种稳定币结算交易，最近还开设了一项加密咨询服务，为探索自己加密货币计划的银行提供服务。</blockquote></p><p>The number of countries exploring CBDCs has more than doubled in the last year and a half. According to the Atlantic Council’s CBDC tracker, at least 87 different countries — which represent 90% of global gross domestic product — are weighing the financial technology in some fashion.</p><p><blockquote>在过去一年半的时间里，探索CBDC的国家数量增加了一倍多。根据大西洋理事会的央行数字货币跟踪器，至少有 87 个不同的国家--占全球国内生产总值的 90%--正在以某种方式权衡金融技术。</blockquote></p><p>However, progress and goals within that group have been uneven. Nine central banks, including Nigeria, The Bahamas and seven others from Caribbean nations, have launched a CBDC. Meanwhile, China is ready to unveil its pilot digital yuan to foreign visitors next month during the 2022 Winter Olympics.</p><p><blockquote>然而，该小组内部的进展和目标参差不齐。包括尼日利亚、巴哈马和加勒比国家的其他七家央行在内的九家央行已经推出了CBDC。与此同时，中国准备在下个月2022年冬奥会期间向外国游客推出其试点数字人民币。</blockquote></p><p>Meanwhile, major central banks like the Fed aren’t expected to issue a digital coin any time soon. During his reconfirmation hearing earlier this week, Fed Chair Jerome Powell said that the Fed’s long awaited paper on CBDCs will be released "in the coming weeks," but gave no firm timetable beyond that.</p><p><blockquote>与此同时，美联储等主要央行预计不会在短期内发行数字货币。在本周早些时候的重新确认听证会上，美联储主席杰罗姆-鲍威尔（Jerome Powell）表示，美联储期待已久的央行数字货币文件将在 “未来几周内 ”发布，但除此之外没有给出明确的时间表。</blockquote></p><p>“It’s more an exercise in asking questions and seeking input from the public, rather than taking positions on various issues, although we do take some positions,” Powell said.</p><p><blockquote>“鲍威尔说：”这更像是一次提问和征求公众意见的练习，而不是就各种问题表明立场，尽管我们确实采取了一些立场。</blockquote></p><p>A top executive at eCurrency, a company that has been advising the U.S. Treasury and the Federal Reserve on CBDCs for more than a decade,told Yahoo Finance in October that Congress must grant authorization before the Fed and U.S. Treasury can issue a central bank-backed token.</p><p><blockquote>十多年来一直为美国财政部和美联储提供 CBDC 咨询服务的 eCurrency 公司的一位高管在 10 月份告诉雅虎财经，国会必须授权，美联储和美国财政部才能发行央行支持的代币。</blockquote></p><p>The use case for any CBDBs is wide ranging. But based on conversations with central bankers, Visa’s global CBDC lead Catherine Gu told Yahoo Finance two major reasons stand out.</p><p><blockquote>任何CBDB的用例都是广泛的。但根据与央行行长的交谈，Visa 全球央行数字货币主管 Catherine Gu 告诉雅虎财经，有两个主要原因很突出。</blockquote></p><p>First, developing countries could use the technology to give greater financial access to unbanked populations. Second, CBDCs provide developed countries a more efficient distribution of stimulus relief in more targeted ways to juice an economy, like giving the money an expiration date, or permitting it only to be used in certain transactions.</p><p><blockquote>首先，发展中国家可以利用这项技术为没有银行账户的人口提供更多的金融服务。其次，央行数字货币以更有针对性的方式为发达国家提供了更有效的刺激救济分配，以刺激经济，比如给这笔钱一个到期日，或者只允许它用于某些交易。</blockquote></p><p>Yet there’s an obstacle around user adoption and acceptance of CBDCs. It hinges on the power the technology would potentially grant to central banks — and whether that poses a challenge to the primacy of fiat units like the U.S. dollar, the world's dominant reserve currency.</p><p><blockquote>然而，用户采用和接受 CBDC 还存在一个障碍。这取决于该技术可能赋予央行的权力，以及这是否会对美元（世界主要储备货币）等法定单位的首要地位构成挑战。</blockquote></p><p>While CBDCs could provide new monetary policy tools, it isn't clear how limitations will be set in democratic societies.</p><p><blockquote>虽然央行数字货币可以提供新的货币政策工具，但尚不清楚民主社会将如何设置限制。</blockquote></p><p></p><p>“You also have this key issue for central banks to address; what will the coexistence of a CBDC look like and how would it integrate within the existing financial system,” Gu added.</p><p><blockquote>“顾补充说：”央行还需要解决这个关键问题：央行数字货币的共存会是什么样子，它将如何融入现有的金融体系。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa, Consensys Partner to Build Tech for Central Bank Digital Currencies<blockquote>Visa 与 Consensys 合作伙伴为中央银行数字货币构建技术</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa, Consensys Partner to Build Tech for Central Bank Digital Currencies<blockquote>Visa 与 Consensys 合作伙伴为中央银行数字货币构建技术</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2022-01-13 13:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Visa (V) announced on Thursday that it will expand its crypto services one step further by partnering with blockchain software company Consensys to build an on-ramp for central bank digital currencies (CBDC).</p><p><blockquote><html><head></head><body>Visa (V) 周四宣布，它将与区块链软件公司 Consensys 合作，为央行数字货币 (CBDC) 建立一个入口，从而进一步扩展其加密服务。</body></html></blockquote></p><p>The payments giant aims to create a “CBDC sandbox,” available in the spring, where central banks can experiment with distributing the technology after minting on Consensys' Quorum protocol.</p><p><blockquote>这家支付巨头的目标是创建一个 “CBDC 沙盒”，将于春季推出，各国央行可以在 Consensys 的 Quorum 协议基础上，尝试分发这项技术。</blockquote></p><p>The partnership is the latest development in the booming cryptocurrency market, with central banks vying to mint their own digital coins and established financial companies dabbling in crypto payments.</p><p><blockquote>此次合作是蓬勃发展的加密货币市场的最新发展，各国央行竞相铸造自己的数字硬币，老牌金融公司也涉足加密支付。</blockquote></p><p>“Central banks are moving from research to actually wanting to have a tangible product they can experiment with,” Chuy Sheffield, Visa’s head of crypto.</p><p><blockquote>“Visa 加密货币主管 Chuy Sheffield 说：”各国央行正在从研究转向真正希望拥有一种可以进行实验的有形产品。</blockquote></p><p>CBDBs can run off distributed ledger or blockchain technology-built protocols. Unlike cryptocurrencies such as bitcoin (BTC-USD) or ether (ETH-USD), CBDC protocols are always "permissioned," meaning central banks maintain monetary and governance control.</p><p><blockquote>CBDB可以运行分布式账本或区块链技术构建的协议。与比特币（BTC-USD）或以太（ETH-USD）等加密货币不同，CBDC协议始终是“允许的”，这意味着央行保持货币和治理控制。</blockquote></p><p>The partnership uses a “two-tier” distribution model for CBDCs. Central banks would design their digital currency on Consensys' Quorum where they would set its monetary and governance rules. They then use Visa’s infrastructure to distribute the currency via financial intermediaries like commercial banks.</p><p><blockquote>该合作伙伴关系对 CBDC 采用 “两层 ”分销模式。各国央行将根据 Consensys 的法定人数设计数字货币，并制定其货币和治理规则。然后，他们利用 Visa 的基础设施，通过商业银行等金融中介分发货币。</blockquote></p><p>Eswar Prasad, a senior professor of trade policy at Cornell University and author of "The Future of Money," explained to Yahoo Finance some of the advantages of the Visa-Consensys model. It doesn't cut payment providers out of the equation, and could allow competition for who can provide the most efficient, low-cost services.</p><p><blockquote>康奈尔大学贸易政策高级教授、《货币的未来》一书的作者埃斯瓦尔·普拉萨德向雅虎财经解释了Visa-Consensys模式的一些优势。它不会将支付提供商排除在外，并且可以允许竞争谁能提供最高效、最低成本的服务。</blockquote></p><p>Prasad said that central banks will likely prefer to manage the payment infrastructure themselves.</p><p><blockquote>普拉萨德表示，央行可能更愿意自己管理支付基础设施。</blockquote></p><p>Yet he also pointed out that Visa's approach is also noteworthy for how it could "help maintain the relevance of its payment network amidst fast-moving changes in the payment space that could undercut its business model." The changes also include stablecoins and various fintech payment platforms.</p><p><blockquote>然而，他也指出，Visa 的做法还值得注意，因为它可以“在支付领域快速变化可能削弱其商业模式的情况下帮助保持其支付网络的相关性”。这些变化还包括稳定币和各种金融科技支付平台。</blockquote></p><p>Visa has been involved in crypto-related products since 2019, leveraging its existing payment network as an advantage for building "on-ramps" for buying crypto, and "off-ramps” for converting it back to fiat currency.</p><p><blockquote>Visa自2019年以来一直参与加密相关产品，利用其现有的支付网络作为优势，建立购买加密的“入口”和将其转换回法定货币的“出口”。</blockquote></p><p>It already settles transactions in one stablecoin, and more recently opened a crypto consulting service that caters to banks exploring cryptocurrency plans of their own.</p><p><blockquote>它已经用一种稳定币结算交易，最近还开设了一项加密咨询服务，为探索自己加密货币计划的银行提供服务。</blockquote></p><p>The number of countries exploring CBDCs has more than doubled in the last year and a half. According to the Atlantic Council’s CBDC tracker, at least 87 different countries — which represent 90% of global gross domestic product — are weighing the financial technology in some fashion.</p><p><blockquote>在过去一年半的时间里，探索CBDC的国家数量增加了一倍多。根据大西洋理事会的央行数字货币跟踪器，至少有 87 个不同的国家--占全球国内生产总值的 90%--正在以某种方式权衡金融技术。</blockquote></p><p>However, progress and goals within that group have been uneven. Nine central banks, including Nigeria, The Bahamas and seven others from Caribbean nations, have launched a CBDC. Meanwhile, China is ready to unveil its pilot digital yuan to foreign visitors next month during the 2022 Winter Olympics.</p><p><blockquote>然而，该小组内部的进展和目标参差不齐。包括尼日利亚、巴哈马和加勒比国家的其他七家央行在内的九家央行已经推出了CBDC。与此同时，中国准备在下个月2022年冬奥会期间向外国游客推出其试点数字人民币。</blockquote></p><p>Meanwhile, major central banks like the Fed aren’t expected to issue a digital coin any time soon. During his reconfirmation hearing earlier this week, Fed Chair Jerome Powell said that the Fed’s long awaited paper on CBDCs will be released "in the coming weeks," but gave no firm timetable beyond that.</p><p><blockquote>与此同时，美联储等主要央行预计不会在短期内发行数字货币。在本周早些时候的重新确认听证会上，美联储主席杰罗姆-鲍威尔（Jerome Powell）表示，美联储期待已久的央行数字货币文件将在 “未来几周内 ”发布，但除此之外没有给出明确的时间表。</blockquote></p><p>“It’s more an exercise in asking questions and seeking input from the public, rather than taking positions on various issues, although we do take some positions,” Powell said.</p><p><blockquote>“鲍威尔说：”这更像是一次提问和征求公众意见的练习，而不是就各种问题表明立场，尽管我们确实采取了一些立场。</blockquote></p><p>A top executive at eCurrency, a company that has been advising the U.S. Treasury and the Federal Reserve on CBDCs for more than a decade,told Yahoo Finance in October that Congress must grant authorization before the Fed and U.S. Treasury can issue a central bank-backed token.</p><p><blockquote>十多年来一直为美国财政部和美联储提供 CBDC 咨询服务的 eCurrency 公司的一位高管在 10 月份告诉雅虎财经，国会必须授权，美联储和美国财政部才能发行央行支持的代币。</blockquote></p><p>The use case for any CBDBs is wide ranging. But based on conversations with central bankers, Visa’s global CBDC lead Catherine Gu told Yahoo Finance two major reasons stand out.</p><p><blockquote>任何CBDB的用例都是广泛的。但根据与央行行长的交谈，Visa 全球央行数字货币主管 Catherine Gu 告诉雅虎财经，有两个主要原因很突出。</blockquote></p><p>First, developing countries could use the technology to give greater financial access to unbanked populations. Second, CBDCs provide developed countries a more efficient distribution of stimulus relief in more targeted ways to juice an economy, like giving the money an expiration date, or permitting it only to be used in certain transactions.</p><p><blockquote>首先，发展中国家可以利用这项技术为没有银行账户的人口提供更多的金融服务。其次，央行数字货币以更有针对性的方式为发达国家提供了更有效的刺激救济分配，以刺激经济，比如给这笔钱一个到期日，或者只允许它用于某些交易。</blockquote></p><p>Yet there’s an obstacle around user adoption and acceptance of CBDCs. It hinges on the power the technology would potentially grant to central banks — and whether that poses a challenge to the primacy of fiat units like the U.S. dollar, the world's dominant reserve currency.</p><p><blockquote>然而，用户采用和接受 CBDC 还存在一个障碍。这取决于该技术可能赋予央行的权力，以及这是否会对美元（世界主要储备货币）等法定单位的首要地位构成挑战。</blockquote></p><p>While CBDCs could provide new monetary policy tools, it isn't clear how limitations will be set in democratic societies.</p><p><blockquote>虽然央行数字货币可以提供新的货币政策工具，但尚不清楚民主社会将如何设置限制。</blockquote></p><p></p><p>“You also have this key issue for central banks to address; what will the coexistence of a CBDC look like and how would it integrate within the existing financial system,” Gu added.</p><p><blockquote>“顾补充说：”央行还需要解决这个关键问题：央行数字货币的共存会是什么样子，它将如何融入现有的金融体系。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/visa-consensys-partner-to-build-tech-for-central-bank-digital-currencies-050113963.html\">Yahoo Finance</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://finance.yahoo.com/news/visa-consensys-partner-to-build-tech-for-central-bank-digital-currencies-050113963.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113082725","content_text":"Visa (V) announced on Thursday that it will expand its crypto services one step further by partnering with blockchain software company Consensys to build an on-ramp for central bank digital currencies (CBDC).The payments giant aims to create a “CBDC sandbox,” available in the spring, where central banks can experiment with distributing the technology after minting on Consensys' Quorum protocol.The partnership is the latest development in the booming cryptocurrency market, with central banks vying to mint their own digital coins and established financial companies dabbling in crypto payments.“Central banks are moving from research to actually wanting to have a tangible product they can experiment with,” Chuy Sheffield, Visa’s head of crypto.CBDBs can run off distributed ledger or blockchain technology-built protocols. Unlike cryptocurrencies such as bitcoin (BTC-USD) or ether (ETH-USD), CBDC protocols are always \"permissioned,\" meaning central banks maintain monetary and governance control.The partnership uses a “two-tier” distribution model for CBDCs. Central banks would design their digital currency on Consensys' Quorum where they would set its monetary and governance rules. They then use Visa’s infrastructure to distribute the currency via financial intermediaries like commercial banks.Eswar Prasad, a senior professor of trade policy at Cornell University and author of \"The Future of Money,\" explained to Yahoo Finance some of the advantages of the Visa-Consensys model. It doesn't cut payment providers out of the equation, and could allow competition for who can provide the most efficient, low-cost services.Prasad said that central banks will likely prefer to manage the payment infrastructure themselves.Yet he also pointed out that Visa's approach is also noteworthy for how it could \"help maintain the relevance of its payment network amidst fast-moving changes in the payment space that could undercut its business model.\" The changes also include stablecoins and various fintech payment platforms.Visa has been involved in crypto-related products since 2019, leveraging its existing payment network as an advantage for building \"on-ramps\" for buying crypto, and \"off-ramps” for converting it back to fiat currency.It already settles transactions in one stablecoin, and more recently opened a crypto consulting service that caters to banks exploring cryptocurrency plans of their own.The number of countries exploring CBDCs has more than doubled in the last year and a half. According to the Atlantic Council’s CBDC tracker, at least 87 different countries — which represent 90% of global gross domestic product — are weighing the financial technology in some fashion.However, progress and goals within that group have been uneven. Nine central banks, including Nigeria, The Bahamas and seven others from Caribbean nations, have launched a CBDC. Meanwhile, China is ready to unveil its pilot digital yuan to foreign visitors next month during the 2022 Winter Olympics.Meanwhile, major central banks like the Fed aren’t expected to issue a digital coin any time soon. During his reconfirmation hearing earlier this week, Fed Chair Jerome Powell said that the Fed’s long awaited paper on CBDCs will be released \"in the coming weeks,\" but gave no firm timetable beyond that.“It’s more an exercise in asking questions and seeking input from the public, rather than taking positions on various issues, although we do take some positions,” Powell said.A top executive at eCurrency, a company that has been advising the U.S. Treasury and the Federal Reserve on CBDCs for more than a decade,told Yahoo Finance in October that Congress must grant authorization before the Fed and U.S. Treasury can issue a central bank-backed token.The use case for any CBDBs is wide ranging. But based on conversations with central bankers, Visa’s global CBDC lead Catherine Gu told Yahoo Finance two major reasons stand out.First, developing countries could use the technology to give greater financial access to unbanked populations. Second, CBDCs provide developed countries a more efficient distribution of stimulus relief in more targeted ways to juice an economy, like giving the money an expiration date, or permitting it only to be used in certain transactions.Yet there’s an obstacle around user adoption and acceptance of CBDCs. It hinges on the power the technology would potentially grant to central banks — and whether that poses a challenge to the primacy of fiat units like the U.S. dollar, the world's dominant reserve currency.While CBDCs could provide new monetary policy tools, it isn't clear how limitations will be set in democratic societies.“You also have this key issue for central banks to address; what will the coexistence of a CBDC look like and how would it integrate within the existing financial system,” Gu added.","news_type":1,"symbols_score_info":{"V":0.9}},"isVote":1,"tweetType":1,"viewCount":5238,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/694556980"}
精彩评论