Future of Digital Currency in Trade

currency for international trade.

That was the level international playing field.

I know this is futuristic, but when you, when you think of that common

currency, do you see a potential of tapping into

kind of the evolution of digital finance to enable that

equal mechanism around the world? And could it be applied?

I think so.

I think very efficiently.

I think that there's no need,

there's no reason not to harness the technological

improvements of digital innovation and having digital

platforms, cryptocurrencies. I, I'm, I'm not an

expert, um, on, on the ledger technology and,

and, and how it works, but I'm aware that i-

in the old days, I mean, even, even going from one country

to another and trying to transfer funds, banks were able to take the

float, and there were lots of inefficiencies.

And it seems to me kind of irrational to talk about global

trade and international finance and not have a,

a monetary unit of account that transcends borders

in a meaningful way to give price signals

meaningfully cross border.

Yeah.

S- And to have quicker settlement.

I mean, as long as you can, can serve the consumer...

My husband was a banker, and in private banking, what you

wanna do is provide financial services.

So if you can give better service to people, then I would harness all

that. What I think is interesting is that people who agree

with that idea

are also like me, the most against having our central bank

issue that digital currency.

Yeah.

And, um, I will say to some extent, the United States has

allowed this, this development, this

evolution of money to proceed, recognizing

that there are gains to be made. But it also is very

telling that since the whole impetus

for, I think, alternative currencies is the desire to decentralize

finance because you don't trust that government-issued fiat

currency for those same reasons, people particularly

in the United States don't trust the Federal Reserve to be in a

position to offer the digital currency,

but under the auspices of a federal government agency.

We don't wanna be like China and have that be a means of doing, um,

more intense surveillance of people's activities and then punishing them-

Yeah

... uh, through their monetary holdings.

That, again, goes to the heart of it's your private

property.

Yeah.

And you don't want government to have that kind of access.