A recent article from the Financial Times highlighted Thailand’s highly anticipated digital wallet stipend scheme for eligible citizens. The article suggests that the program offers a glimpse into the future of money.
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A recent article from the Financial Times highlighted Thailand’s highly anticipated digital wallet stipend scheme for eligible citizens. The article suggests that the program offers a glimpse into the future of money.
Key Takeways
A recent Financial Times article praised Thailand’s digital wallet stipend scheme for eligible citizens, highlighting its potential to shape the future of money.
Authored by Eswar Prasad, a Cornell University professor and senior fellow at the Brookings Institution, the article compares the program to central bank digital currencies (CBDCs).
The Financial Times article outlines several program benefits: it boosts the economy by encouraging spending among low-income individuals, minimizes corruption by directly transferring funds, and supports local businesses through spending restrictions.
The Financial Times recently highlighted Thailand’s highly…