Central bank operated wholesale payment systems are at the end of their technological life cycle, running on largely obsolete database designs and computing languages that are very expensive to maintain, which is one reason central banks are experimenting with token designs.
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Central bank- operated wholesale payment systems are already at the end of their technological life cycle, using database designs and computing languages that are largely obsolete and very expensive to maintain.
From
Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), III. Transition to Digital Currencies Started, 2. Early Experimentation, p. 20 https://ssrn.com/abstract=3396522 · source PDF
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Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522
restated_bykaal:claim:3808867-040 The end of the technological life cycles of legacy payment systems in the early 2020s, together with emerging ...
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