By the sounds of it, newly created digital fiat would be the exact equivalent, like for like, with physical cash.
Visa doesn’t give much away about what a “central entity computer” would be specifically, though the filing states: “A central entity may be a central bank, which regulates a monetary supply.”
Visa assumes the entity running the central computer would have the authority to take physical fiat currency out of circulation, and even destroy it.
It’s important to stress that just because Visa has filed this patent application doesn’t necessarily mean it is intent on developing a digital fiat currency system.
CoinDesk asked Visa whether it was drawing up a digital fiat currency system in anticipation of becoming a crucial infrastructure provider for future CBDCs.

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