purrtastic@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 7 months agoReserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant 'www.rnz.co.nzexternal-linkmessage-square41fedilinkarrow-up113arrow-down12cross-posted to: newzealand@lemmit.online
arrow-up111arrow-down1external-linkReserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant 'www.rnz.co.nzpurrtastic@lemmy.nz to Aotearoa / New Zealand@lemmy.nz · 7 months agomessage-square41fedilinkcross-posted to: newzealand@lemmit.online
minus-squareeagleeyedtiger@lemmy.nzlinkfedilinkEnglisharrow-up6·edit-27 months agoAll I want is an Instant Payment system for instant bank transfers. Multiple countries have managed to do it already. Or just copy Australia’s homework
minus-squareDave@lemmy.nzMlinkfedilinkarrow-up5·7 months agoOurs 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.
minus-squareeagleeyedtiger@lemmy.nzlinkfedilinkEnglisharrow-up3·7 months agoA 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.
minus-squareDave@lemmy.nzMlinkfedilinkarrow-up4·7 months agoCorrect, small steps but it’s improving! Perhaps the digital dollar is the next step.
minus-squareeagleeyedtiger@lemmy.nzlinkfedilinkEnglisharrow-up2·7 months agoSo 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!
minus-squareDave@lemmy.nzMlinkfedilinkarrow-up2·7 months agoHaha we probably will! But the digital dollar will be instant, if that’s any small consolation.
All I want is an Instant Payment system for instant bank transfers. Multiple countries have managed to do it already.
Or just copy Australia’s homework
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.
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.
Correct, small steps but it’s improving! Perhaps the digital dollar is the next step.
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!
Haha we probably will! But the digital dollar will be instant, if that’s any small consolation.