Due to technical difficulties this recording is missing parts of the talk.
Speaker: Darrell Duffie, Stanford University
Event: Blockchain Research Seminar Series
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Abstract: I explore the meaning of an interoperable payment system and why interoperability is crucial for efficiency and competition. I review some alternative approaches to interoperability, including central bank digital currencies (CBDCs), hybrid CBDCs, and two-ledger upgrades of bank-based payment systems.
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