Utility of digital money is on the rise and can exist in multiple forms (central bank digital currencies, stablecoins, tokenized deposits, and liabilities).
Those issued on a blockchain offer the promise of programmability and greater functionality in value transfer for end-users.
Purpose Bound Money (PBM) 💰, a version of programmable money, may find product market fit in specific use cases such as discount couponing 🎟️, instant credit ⚡, and cross-border foreign exchange 🌍.
To scale the future vision for Purpose Bound Money (PBM), several coordinated activities such as standard setting and improving the user experience are needed. These activities should be pursued in public/private partnerships 🤝 focused on achieving the “greater good” for end consumers.
