Come up to speed quickly on digital currencies

Digital currencies – cryptocurrencies, stablecoins, and CBDCs – are changing the long-term plans of both central banks and payments providers –– and making everyone rethink account-based and currency-based systems. In an unprecedented move, prior to launching domestic CBDCs, multi-country pilots are exploring the promise and risks of cross-border CBDC systems.

This workshop is designed for payments professionals that want to learn how new digital currencies impact the payments ecosystem, and how they may someday reshape everything from the six payments domains to our global economy. We begin the workshop by examining token-based payment systems and how they differ from account-based payment systems. We consider different types of money and where digital currencies fit within these categorizations. After reviewing the fundamentals of blockchain and distributed ledger technology, we look at the key design questions for digital currency systems. We finish by looking at the various stakeholders required to process digital currency payments and the current state-of-the-market in stablecoins, central bank digital currencies, and cross-border CBDC models.