The Digital Cash Network is new CBDC blockchain technology
Our belief: Every licensed company should have deployable access to a CBDC platform for instant settlement and a platform to develop upon or tailor their customer’s next FinTech innovation.
Before that time comes, the Digital Cash Network has been focused on leveraging the new Central Bank Digital Currency technology to a more inclusive instant settlement system, and by doing so we hope we can start to disrupt those OLD and still existing global settlement systems or exclude altogether from the global traditional financial system.
For the last hundred years, the central bank has had a monopoly on issuing cash. If we continue the rapid pace cash decline we see in some societies, individuals and companies will find themselves in a situation where the roles have changed, and all payment systems the general public have access to are controlled by institutions and their centralized systems.
The payments system is evolving very rapidly! The digitization of the financial system has been going on for decades
(e.g., dematerialization of financial assets, electronic trading platforms, digital and mobile banking, etc.). So, why should cash not also become digital? The digital currency could become the equivalent and the alternative to cash in an electronic form, complementing the states monetary policy in offering state-backed physical cash!