Digital Cash: What It Is & How It Works • Lars Hupel • GOTO 2023

This presentation was recorded at GOTO Amsterdam 2023. #GOTOcon #GOTOams Lars Hupel - Chief Evangelist at Giesecke Devrient @larsr_h RESOURCES @lars ABSTRACT When we think of “electronic payments“, there are a lot of different interpretations: bank cards, credit cards, PayPal and the likes, mobile money, and cryptocurrencies. But they all work in widely different ways. Lately, many central banks – including the European Central Bank – have started investigating or piloting digital currencies to introduce yet another way to pay electronically. In this talk, I will explain the technical (and social) differences between those payment methods and give insights into how such a digital currency platform could be designed. [...] TIMECODES 00:00 Intro 01:03 Who uses card payments the most? 05:41 Types of money 07:51 Basic functions of money 09:47 Can we combine all advantages? 10:04 CBDC: Central Bank Digital Currency 11:56 What do users want? 17:34 Creation, distribution, usage 19:38 Summary 21:21 Trilemma 23:44 Modeling digital cash after physical cash 25:56 Where is my money? 28:06 How does a transaction work? 33:43 Security requirements of (digital) payments 34:52 Will this run on DLT? 37:26 CBDC & programmability 41:44 Outro Download slides and read the full abstract here: RECOMMENDED BOOKS Rafal Ganowski • CBDC • Rodrigo Belone • New Money: The Guide to CBDC’s • Joseph J Wang • Central Banking 101 • Vlad CryptoGuy • CBDCs: Introduction to Central Bank Digital Currency • #CBDC #MobileMoney #MPesa #DigitalCash #DigitalCurrency #GieseckeDevrient #Programming #ProgrammingLanguage #SoftwareEngineering #SoftwareDevelopment #ISO20022 #OfflinePayment #LarsHupel Looking for a unique learning experience? Attend the next GOTO conference near you! Get your ticket at Sign up for updates and specials at SUBSCRIBE TO OUR CHANNEL - new videos posted almost daily.