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What can be done now to overcome the absence of digital money on blockchain networks?
Where Finance Finds Its Future
English - April 05, 2024 07:47 - 13 minutes - 24.5 MB - ★★★ - 1 ratingBusiness Government finance blockchain cbdcs banking fintech Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Part 2/2
A Future of Finance interview with Gilbert Verdian, CEO of Quant
Claims that money is already digital ignore the fact that payments require push-and-pull exchanges of data to complete transactions, whereas truly digital forms of money enable the sequence of actions that complete a transaction, such as financial crime checks and the availability of money in an account, to be programmed into the digital money itself.
Cryptocurrency will continue to exist as a speculative investment, though institutional investors will favour regulated cryptocurrencies and cryptocurrency investment vehicles such as the spot Bitcoin Exchange Traded Funds recently authorised in the United States, and the regulated variety of cryptocurrencies can be expected to drive out the unregulated varieties.
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