Whenever I hear things like this, I ask ‘What’s the problem they are actually trying to solve?’
Most of the time there is no problem, it’s a solution looking for a problem. In this case, it seems like the only problem to solve is:
Today, New Zealanders still cannot make instant payments electronically to other people, unless they are both with the same bank."
I’m pretty sure that could be solved with a middle-man app instead of a ‘digital currency.’ Venmo exists in the US, something like that?
I’m sure we have had similar… TradeMe has Ping which “Make payments safely with Ping. Pay or get paid instantly – using a credit or debit card, or Ping balance.” … so, yeah problem already solved, instant payments.