But tokenized instant payments don't have smart contracts right? Central banks could use it for all kinds of interesting things.. a navarious one could be political or economic ransoming of countries when paying promised aid to their central bank. To release payments you could code in clauses like they have to reduce their central bank rate, unpeg their currency or remove a tariff. It's a guaranteed payment based on some public data point changing in the future which could be very powerful - but hopefully not just for the powerful.
Couldn’t I just imagine a CBDC as an tokenised instant payment in cross border use cases ?
But tokenized instant payments don't have smart contracts right? Central banks could use it for all kinds of interesting things.. a navarious one could be political or economic ransoming of countries when paying promised aid to their central bank. To release payments you could code in clauses like they have to reduce their central bank rate, unpeg their currency or remove a tariff. It's a guaranteed payment based on some public data point changing in the future which could be very powerful - but hopefully not just for the powerful.