Reserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant ' - eviltoast
New Zealand could be using a government-backed digital currency by the end of the decade.
  • Dave@lemmy.nzM
    5·
    7 months ago

    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.

    • eagleeyedtiger@lemmy.nzEnglish
      3·
      7 months ago

      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.

      • Dave@lemmy.nzM
        4·
        7 months ago

        Correct, small steps but it’s improving! Perhaps the digital dollar is the next step.

        • eagleeyedtiger@lemmy.nzEnglish
          2·
          7 months ago

          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!

          • Dave@lemmy.nzM
            2·
            7 months ago

            Haha we probably will! But the digital dollar will be instant, if that’s any small consolation.