Powerful trends in the payments industry are supporting growth opportunities for companies around the world. We explored these themes last year in a pair of posts: “Field Notes: Insights on the Global Payments Ecosystem” and “Opportunities in Disruption: Finding Growth Opportunities in the Payments Ecosystem”. The migration from cash-to-card and overall digital adoption are crucial to these trends, and both are natural beneficiaries of growth in digital currencies.
Digital currencies offer many potential positives, as our team discussed last year in a post focused on Facebook’s plan to launch its own digital currency, Libra. We noted how difficult a journey it would be for Facebook without government and central bank support. Our team wrote, “Governments have a strong vested interest in retaining a monopoly on money creation, particularly for global reserve currencies, and are unlikely to let this slip away easily. It seems unlikely any of us will ever be able to pay our taxes in Libra.”
