• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Banks Will Be Required to Work with Crypto, e-Money and CBDCs to Survive

by CBDC Insider
February 21, 2021
in Business
Reading Time: 1min read
0
Banks Will Be Required to Work with Crypto, e-Money and CBDCs to Survive
Share on FacebookShare on Twitter

RELATED STORIES

Amid crypto winter, central banks rethink in-house digital currencies

Amid crypto winter, central banks rethink in-house digital currencies

January 24, 2023
Digital currency firm Amber reduces employee count in Hong Kong

Digital currency firm Amber reduces employee count in Hong Kong

January 22, 2023

The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank.

Image a scenario where you need different messengers to send different types of messages — for example, WhatsApp for text messages, Viber for audio, Telegram for video, etc. Rather inconvenient, right? But this is exactly what happens in finance: There is no way to send both digital fiat money and cryptocurrency from a bank account without extra steps. It’s not affecting the masses just yet, but after the issuing of national digital currencies, or central bank digital currencies, in the next few years over the world, the situation is about to become complicated. We need to start looking for a solution now.

The traditional financial system can’t brush off new technologies anymore. According to the Cambridge Center for Alternative Finance, the number of cryptocurrency users has almost tripled from 35 million people in 2018 to 101 million people in Q3 2020. Another study, conducted by researchers from the United Kingdom’s Financial Conduct Authority, revealed a 78% increase since 2019.

Read more: https://cointelegraph.com/news/banks-will-be-required-to-work-with-crypto-e-money-and-cbdcs-to-survive

Previous Post

Morocco Cautiously Considers Introducing Cryptocurrency

Next Post

IMF Says Central Bank Currency Will Face Pressures in the Digital Age

Next Post
IMF Says Central Bank Currency Will Face Pressures in the Digital Age

IMF Says Central Bank Currency Will Face Pressures in the Digital Age

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register