Today news
About the same in other media
23.11 - 19:47
Do crypto, CBDCs, stablecoins together spell ‘demise of cash’
Reading now: 749
ambcrypto.comThe Covid-19 pandemic had far-reaching effects on not only the global psyche but also the economy and how business is conducted. One important aspect of this has been the slow disappearance of cash, as more people start relying on digital payments in an increasingly distancing world.
Along with the growth of contact-less payments, another trend playing out has been the mainstream acceptance of fiat alternatives like cryptocurrencies, which are likely to stay for long, according to economist Eswar Prasad.
Talking to CNBC, Prasad noted,
“For many consumers and businesses that made the switch to digital payments, there is probably no going back, even if the pandemic-related concerns about the tactile nature of cash were to recede.”
Instead, he
Read more on ambcrypto.comAbout this in other media
Cryptocurrency platforms switch to GEC, news and gaming for advertising moneycontrol.com /2 years ago
Impermanent Loss, Crypto’s Silent Killer, Threatens the Core Tenets of DeFi: Bancor cryptonews.com /2 years ago
WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
