The Rise Of Digital Currencies - Tech Companies vs Central Banks
The Rise Of Digital Currencies - Tech Companies vs Central Banks
The Bank of England, the European Central Bank, the Bank of Japan and others recently met to discuss the use of cryptocurrencies to create a central bank digital currency (CBDCs). In the meantime, Facebook is developing Libra, which will be integrated with the social network’s services, including Messenger and WhatsApp, to cross nations’ borders and potentially become a new currency heavyweight. How will this situation evolve? Will central banks remain relevant and continue to control currencies in the future?
In Asia, China has led the way to create its own CBDC while Singapore and Facebook are in discussion to study Libra's potential and development. What does this tell about Singapore's stance on digital currencies? Will MAS issue its own CBDC?
While digital currencies like Libra could help solve inefficiencies in cross-border payments, which are now expensive and inconvenient, there are concerns that must be considered such as cyber risks, the centralization of power and the viability of their business model.
Join my patreon https://www.patreon.com/user?u=22374899
https://www.coinbase.com/join/moore_6bw use that link and coinbase gives you 10 dollars
share.robinhood.com/darrenm72 use that link for a free share of stock. If you sign up I also get a free stock.
You can also donate directly to Fame21Moore:
rPEPPER7kfTD9w2To4CQk6UCfuHM9c6GDY
Destination tag 5354388
... or donate to Fame21Moore using ILP:
$twitter.xrptipbot.com/Fame21Moore
-
2:10
One Bite Pizza Reviews
1 day agoBarstool Pizza Review - The Slice Spot (West Chicago, IL)
47.7K32 -
2:03:40
Revenge of the Cis
9 hours agoEpisode 1343: Fatty Positivity
83.8K32 -
15:51
VIVA TV
12 hours agoJake Paul Is About To Get Bare Knuckled | Barstool Boxing | Large
71.8K15 -
2:09:32
RamseySolutions
16 hours agoThe Ramsey Show (June 25, 2024)
62K2 -
1:03:48
TheMonicaCrowleyPodcast
8 hours agoThe Monica Crowley Podcast: Weaponized Lies
68.8K17 -
4:42:55
Phyllis Schlafly Eagles
11 hours ago31st Collegians Summit LIVE | June 25, 2024
60.5K1 -
1:13:43
Awaken With JP
12 hours agoDebate Week - Of Course We Won't Be Biased - LIES Ep. 46
110K130 -
2:00:25
Tucker Carlson
10 hours agoSteve Sailer: BLM, Karens, Donald Trump, and What Democrats Don’t Want You to Know about DEI
199K216 -
40:55
Matt Kim
10 hours agoMissouri AG Andrew Bailey explains his LAWSUIT against NY for Trump's Prosecution | Matt Kim #101
64.1K32 -
27:40
TudorDixon
12 hours agoJoe Biden's Cognitive Issues with Rep. Ronny Jackson | The Tudor Dixon Podcast
56.7K14