Today is pay day and Alice is happy because of instead of taking her cheque straight to the bank and waiting in long lineups along with everyone else, she can skip the lines and go straight home because she received her pay directly into her CBDC wallet from her employer.
Alice decides that she'll need to spend half of her pay taking care of expenses. Using her mobile smart phone, she opens her carrier's mobile app that has already been integrated into NZIA though APIs, to allow her topup with just a few clicks using CBDC.
Alice then decides to send some money to her husband Bob by a free P2P transfer, to pick up some groceries on his way home; Except this is not a normal P2P transfer from phone to phone.
Bob is a more traditional kind of guy and prefers the plastic debit card issued to him from the local bank, over using a smart phone. Through NZIA, CBDC is transferred seamlessly from Alice’s mobile wallet directly to Bob’s physical card; She deposits the rest of her money into her savings account.
It’s getting later on in the evening and the weather starts to get dicey. Unbeknownst to Bob, due to adverse conditions on the main island the payment network on his island has totally lost connection to the main network. Typically, in these scenarios, signs would go up at merchants letting people know system is down, so cash-only.
Luckily, this is not a typical payment network. Because of unique NZIA technology, despite the network partition, the payment network on this island continues to operate independently.
Bob heads to the supermarket, grabs his groceries, and presents his card to the cashier who collects payment by scanning the QR code on it using the free POS mobile app. Behind the scenes, NZIA’s innovative reverse pull-push technology processed the transaction within seconds, and Bob is happily on his way.
