Jul 25, 2026 · 8 min · 7 segments
This episode explores a fascinating research paper from the Federal Reserve Bank of New York, diving into the critical difference between programmable payments and programmable money. As central banks…
Have you ever worried about money that tells you where and how you can spend it?
That sounds a bit like a futuristic dystopia, doesn't it? Or maybe just a really strict gift card.
Exactly.
But with the rise of digital currencies, this isn't just science fiction anymore.
Central banks worldwide are exploring programmable money, and it brings up fundamental questions about what money really is.
So it's not just a theoretical concept.
It has real-world implications for how we'll use money and what our money will even be.
Absolutely.
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Have you ever worried about money that tells you where and how you can spend it?
That sounds a bit like a futuristic dystopia, doesn't it? Or maybe just a really strict gift card.
Exactly.
But with the rise of digital currencies, this isn't just science fiction anymore.
Central banks worldwide are exploring programmable money, and it brings up fundamental questions about what money really is.
So it's not just a theoretical concept.
It has real-world implications for how we'll use money and what our money will even be.
Absolutely.
