Intentional Money (IM)
Intentional Money (IM)
Money with a designated purpose
Purpose-bound money in CBDCs enables funds to be programmed for specific uses, ensuring that digital currency can only be spent on predefined goods, services, or conditions.
Programmable money refers to digital currency that can be assigned conditions about its use by leveraging blockchain-based smart contracts.
Purpose-driven money ensures funds are spent only on predefined goods or services, preventing misuse and aligning with intended objectives.
By tracking how funds are allocated and used, purpose-driven money provides greater visibility and accountability in transactions.
By restricting the use of funds, purpose-driven money minimizes the risk of fraud and ensures compliance with spending rules.
Money with a
designated purpose
This framework enables the utilization of existing digital currency for various purposes without modifying its inherent characteristics. Upon fulfilling its intended functions, the digital currency becomes unrestricted and can be employed without any limitations. The issuer retains authority over the digital currency, averting fragmentation and facilitating seamless maintenance.
