cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start [2022/05/16 22:09] nick |
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start [2022/06/17 19:28] (current) terrance |
||
|---|---|---|---|
| Line 3: | Line 3: | ||
| | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | ||
| <html><b> | <html><b> | ||
| - | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
| Question: 19. Should a CBDC be designed to maximize ease of use and acceptance at the point of sale? If so, how? | Question: 19. Should a CBDC be designed to maximize ease of use and acceptance at the point of sale? If so, how? | ||
| ">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
| Line 34: | Line 34: | ||
| <figure simpleCbdcFlow> | <figure simpleCbdcFlow> | ||
| - | {{ :cbdc:private:cbdc_omg:04_doc:15_common:70_dualnets:screen_shot_2022-04-20_at_2.53.28_pm.png?700 |}} | + | {{ cbdc:04_doc:15_common:70_dualnets:screen_shot_2022-04-20_at_2.53.28_pm.png?700 |}} |
| <caption>Theoretical Very Simplified Dual ACH-CBDC Network Concept.</caption> | <caption>Theoretical Very Simplified Dual ACH-CBDC Network Concept.</caption> | ||
| </figure> | </figure> | ||
| Line 42: | Line 42: | ||
| [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start| Return to Top]] | ||
| - | The "desirements" specified in [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start&do=edit | White Paper]] and identified by the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | OMG's White Paper Analysis]] as **ease of use and acceptance at the point of sale** are listed in Table {{ref>ezOfUseReq}}. | + | The "desirements" specified in [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] and identified by the [[cbdc:public:cbdc_omg:04_doc:12_summary:start | OMG's CBDC WG White Paper Analysis]] as **ease of use and acceptance at the point of sale** are listed in Table {{ref>ezOfUseReq}}. |
| <table ezOfUseReq> | <table ezOfUseReq> | ||
| - | <caption>Examples of **ease of use and acceptance at the point of sale** identified during the White Paper Analysis conducted by the OMG</caption> | + | <caption>Examples of **ease of use and acceptance at the point of sale** identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| |< 100% 20% ->| | |< 100% 20% ->| | ||
| ^ Category ^ Desirements ^ | ^ Category ^ Desirements ^ | ||
| Line 58: | Line 58: | ||
| [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q19:start| Return to Top]] | ||
| - | Table {{ref>ezOfUse}} provides discussion points for each of the "desirements" identified by the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | OMG's White Paper Analysis]] which apply to **ease of use and acceptance at the point of sale**. | + | Table {{ref>ezOfUse}} provides discussion points for each of the "desirements" identified by the [[cbdc:public:cbdc_omg:04_doc:12_summary:start | OMG's CBDC WG White Paper Analysis]] which apply to **ease of use and acceptance at the point of sale**. |
| <table ezOfUse> | <table ezOfUse> | ||
| Line 65: | Line 65: | ||
| ^ Desirement No. ^ Desirement Text ^ Comment ^ | ^ Desirement No. ^ Desirement Text ^ Comment ^ | ||
| ^ B0003 ^ Complement, rather than replace, current forms of money and methods for providing financial services | <WRAP> | ^ B0003 ^ Complement, rather than replace, current forms of money and methods for providing financial services | <WRAP> | ||
| - | The proposed Dual ACH/CBDC networks would do exactly that. The existing Intermediaries would be allowed to expand their services to include U.S. CBDC by basically making it as a consumer choice. | + | The proposed Dual ACH/CBDC networks would do exactly that. The existing Intermediaries would be allowed to expand their services to include U.S. CBDC by basically making it a consumer choice. |
| </WRAP>| | </WRAP>| | ||
| ^ B0007 ^ Provide households and businesses a convenient and electronic form of central bank money with: <WRAP> | ^ B0007 ^ Provide households and businesses a convenient and electronic form of central bank money with: <WRAP> | ||
| Line 74: | Line 74: | ||
| </WRAP>| | </WRAP>| | ||
| ^ B0009 ^ Provide faster and cheaper payments (including cross-border payments) | <WRAP> | ^ B0009 ^ Provide faster and cheaper payments (including cross-border payments) | <WRAP> | ||
| - | If the U.S. CBDC network is selected by the End User, the transactions will most likely be faster, but not necessarily cheaper. There is a cost associated with using the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.k_consensus:start | Consensus facilities]] of the U.S. CBDC as well as the possibility of costs associated with converting U.S. Dollars to U.S. CBDC. | + | If the U.S. CBDC network is selected by the End User, the transactions will most likely be faster but not necessarily cheaper. There is a cost associated with using the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.k_consensus:start | Consensus facilities]] of the U.S. CBDC as well as the possibility of costs associated with converting U.S. Dollars to U.S. CBDC. |
| </WRAP>| | </WRAP>| | ||
| ^ B0011 ^ Make payments: <WRAP> | ^ B0011 ^ Make payments: <WRAP> | ||
| Line 84: | Line 84: | ||
| Using the Dual Network, the End User can decide how fast they want the payments to be made. The cost of using a U.S. CBDC is still unknown. There is a cost associated with using the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.k_consensus:start | Consensus facilities]] of the U.S. CBDC as well as the possibility of costs associated with converting U.S. Dollars to U.S. CBDC. | Using the Dual Network, the End User can decide how fast they want the payments to be made. The cost of using a U.S. CBDC is still unknown. There is a cost associated with using the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.k_consensus:start | Consensus facilities]] of the U.S. CBDC as well as the possibility of costs associated with converting U.S. Dollars to U.S. CBDC. | ||
| - | It is up to the free market and the entrepreneurs to make it more convenient and more accessible. | + | It is up to the free market and the entrepreneurs to make it more convenient and accessible. |
| </WRAP>| | </WRAP>| | ||
| ^ B0013 ^ Provide immediate access to transferred funds| <WRAP> | ^ B0013 ^ Provide immediate access to transferred funds| <WRAP> | ||
cbdc/public/cbdc_omg/04_doc/20_comments/dsn/q19/start.1652753363.txt.gz · Last modified: 2022/05/16 22:09 by nick
