Learn what the Fed is doing with Stablecoin and CBDC in a 5-minute clip from a great sit down with Peter Kerr, on the Yieldstreet Podcast!
We covered a lot of ground on CBDC! And I think it’s a great interview with great energy, and I gave much better answers than usual!
Frankly, I’m not always at my best, but for this interview, Peter was asking great questions and we ended up with a discussion that was on fire! Thanks Peter!
I’ve put a clip below that will interest regular listeners. In it I have some newer thoughts on the Fed’s move into digital currencies. These are regulatory issues that are playing out right now and I advise you all to keep an eye out for changes!
In this segment I talk about how the Fed is really on the fence with CBDC, but I think they’re coming around to a stablecoin approach.
The good news is that
“We are going to get a digital future.” The reality is that it will be stablecoin based, and while I like them, CBDCs are far superior!
One thing, I think I’m overestimating how long it will take the Fed to roll out a CBDC. If it took China 7 years, maybe the Fed can do it in 5 years? Not the 7 I say in the podcast. Still the Fed is anything but fast.
Watch the regulations for stablecoins! We’re going to be using stablecoins in the next 2 years…..then a CBDC.
I also love this clip on how people in China related to digital compared with their counterparts in the West.
Time stamp for full video or podcast on links below:[1:04] Richard highlights the Fintech career he built in China.
[5:24] Which countries have the opportunity to experience the next catapult of financial growth?
[8:54] China is taking steps to prepare for the digital future now. (REGULATORY REFORM)
[13:42] How is China loosening its dependence on credit growth while reaching its target growth numbers?
[19:35] A breakdown of digital credit as a transformative path to investing in the future.
[21:33] The key difference between your bank’s mobile app and Bitcoin.
[25:34] Implications of The Federal Reserve moving to digital currencies.
[30:00] The role of large financial institutions and global banks in the transition to digital banking.
[34:09] Richard’s books and his advice for making innovations happen.
[37:28] Richard’s experience with real estate investing in a digital currency world.
[40:36] Will central bank digital currencies be based on the blockchain?
The full program is available:
Hope you enjoy the podcast!