@[email protected] to Aotearoa / New [email protected] • 9 months agoReserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant 'www.rnz.co.nzexternal-linkmessage-square37fedilinkarrow-up112arrow-down12
arrow-up110arrow-down1external-linkReserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant 'www.rnz.co.nz@[email protected] to Aotearoa / New [email protected] • 9 months agomessage-square37fedilink
minus-square@[email protected]linkfedilinkEnglish5•edit-29 months agoAll I want is an Instant Payment system for instant bank transfers. Multiple countries have managed to do it already. Or just copy Australia’s homework
minus-square@[email protected]Mlinkfedilink4•9 months agoOurs is down to a couple of hours for inter-bank transfers, 365 days a year. We’ve made a lot of progress in the last decade.
minus-square@[email protected]linkfedilinkEnglish3•9 months agoA decade is a long time… we only got 365 days a year banking less than a year ago didn’t we? I guess our market is so small nobody really cares to improve things and kiwis don’t like to make a fuss to get things more modernised.
minus-square@[email protected]Mlinkfedilink3•9 months agoCorrect, small steps but it’s improving! Perhaps the digital dollar is the next step.
minus-square@[email protected]linkfedilinkEnglish2•9 months agoSo a digital dollar in 2033, instant transfers by 2043 :P If we get a digital dollar before instant transfers, I’m going to be annoyed!
minus-square@[email protected]Mlinkfedilink1•9 months agoHaha we probably will! But the digital dollar will be instant, if that’s any small consolation.
All I want is an Instant Payment system for instant bank transfers. Multiple countries have managed to do it already.
Or just copy Australia’s homework
Ours is down to a couple of hours for inter-bank transfers, 365 days a year. We’ve made a lot of progress in the last decade.
A decade is a long time… we only got 365 days a year banking less than a year ago didn’t we? I guess our market is so small nobody really cares to improve things and kiwis don’t like to make a fuss to get things more modernised.
Correct, small steps but it’s improving! Perhaps the digital dollar is the next step.
So a digital dollar in 2033, instant transfers by 2043 :P
If we get a digital dollar before instant transfers, I’m going to be annoyed!
Haha we probably will! But the digital dollar will be instant, if that’s any small consolation.