Intended Audience

Who should read this guide?

This guide will break down the digital payment so that people without an advanced degree in computer geekery can understand what digital payment is, how it works and the problems it resolves. In reading so, you will also gain a better understanding of blockchain, the underlying technology that enables cryptocurrency to operate, and how it inspires and brings life to the central bank digital currency.

If you have a general idea about digital payment but just can’t seem to make sense of it all, this guide is for you. The guide is not for people with advanced knowledge of FinTech nor will it make you an expert. With this in mind, we will be leaving out some of the more hardcore technical elements that are irrelevant to you gaining a fundamental understanding. We will also be expanding on some concepts where needed.

A quick note before we begin

The abstract of this white paper is an overview of digital payment, and will be split into six main sections:

• Section 1 - Introduction - The meaning of wealth

• Section 2 - What exactly individuals and businesses want to do with money

• Section 3 - The natural evolvement of money

• Section 4 - Cryptocurrency case studies

• Section 5 - Central Bank Digital Currency case studies

• Section 6 - A wrap-up of the "Jobs to be done" with money