Digital Euro Association Blog

Novi is the new Facebook Pay

Nov 19, 2021 11:32:07 AM / by Enrique Titos posted in Diem, Digital Money, CBDC, Stablecoin, Novi, Facebook Pay

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I started writing about the disruption that blockchain and crypto assets would bring when Facebook first announced the intention to launch Libra in 2019 with a consortium of 28 companies to develop its distribution ecosystem. A lot has happened since then and at no point has Facebook given up on its ambitions in redefining the payments landscape.

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Programmable Money and Programmable Payments

Sep 29, 2020 1:09:54 PM / by Victor von Wachter, Jonas Gross, Alexander Bechtel, Philipp Sandner posted in Digital Money, Programmable euro

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Medium

“Programmable money” is, without doubt, one of the major buzzwords in the blockchain space in 2020. Even though everyone seems to talk about it, we still lack a clear definition and hence common understanding of this term. In this article, we present a taxonomy of programmable money. In particular, we argue that “programmable money” has to be differentiated from “programmable payments”. To make this distinction as clear as possible, we develop a framework in which we decompose the payments value chain into three pillars: the contract execution system, the digital payment infrastructure, and the monetary unit. 

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