[frumper]

What about clawbacks? If someone uses a stolen account to pay me, can that bank get the money back after I've sold the goods?

[throwaway2037]

Any highly advanced economy: yes, there will be fraud protection built into the system. Do you live in a place where this is not true?

[frumper]

And that’s the point. If I sell you my used car and find out you paid with stolen funds, I’m not going to get cash clawed back, where I could realistically be out my car and money if someone used a digital payment.