Re: German Federal Bank opposes e-cash

[Stephan Somogyi <somogyi@digmedia.com>]

At 10:19 -0700 19.6.96, Ian Goldberg wrote:

> Maybe the journalists are just misinformed, or possibly the banking
> people?

When I met with the head of payment systems for the German federal bank
late last year, he seemed pretty with it and knowledgable about the
relevant issues.

> That's very interesting, especially considering Deutsche Bank has signed
> on to be an ecash mint

At the risk of providing redundant information, the Deutsche Bank is a
commercial bank that has nothing to do with the Deutsche Bundesbank,
which is the central bank.

Personally, I don't think too much should be read into the
announcement. It contains no fundamentally new information and is
simply a public articulation of on otherwise obvious state of affairs.
(Or did anyone really think that the central banks weren't paying close
attention to these goings on?)

Stephan

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Stephan Somogyi                Mr Gyroscope                Digital Media