New Zealand could be using a government-backed digital currency by the end of the decade.
  • DaveMA
    5·
    2 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.

    • eagleeyedtigerEnglish
      3·
      2 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.

      • DaveMA
        4·
        2 months ago

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

        • eagleeyedtigerEnglish
          2·
          2 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!

          • DaveMA
            2·
            2 months ago

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