Programmable Money: The Future of Digital Currencies With Restrictions and Conditions
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Programmable money has spending restrictions and conditions coded into it by the issuer, like only being usable for certain purchases or having a use-by date.
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It combines digital currency technology like blockchain with smart contracts that apply conditional logic to control transactions.
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Potential uses include facilitating cross-border payments, implementing government stimulus programs, and automating contractual agreements.
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Fungibility and privacy are concerns since programmable money may reveal what people purchase.
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Programmable features will likely be built into central bank digital currencies to add future functionality without redesigning them.