The necessary technical components and the notion of tight integration between those components suggests a definition of programmable money as a unified, coherent product that encapsulates both the storage of digital value and programmability of that value.
What makes cryptocurrency programmable?
The essential ingredient to programmable money is smart contracts. They make cryptocurrency programmable. Smart contracts have a number of important advantages over traditional methods of handling payments. Security.
How programmable payments can revolutionize the transfer of money?
From the efficient implementation of helicopter drops to machine-to-machine payments, we look at how programmable payments within central bank digital currencies can revolutionize the transfer of money and help make our world more efficient. The widespread introduction of central bank digital currency is becoming ever more realistic.
Can a central bank offer a programmable digital currency?
Although no central bank has yet offered such a programmable digital currency product, it remains a possible development if general interest in central bank-issued digital currencies persists. The word "guarantee" in the preceding discussion should always be read with implied quotation marks around it.
