A Deutsche Bank report has warned that central bank digital currencies (CBDCs) will replace cash in the long run—and unless the U.S. and Europe step up their game, they could be forced to rely on digital assets rolled out by the likes of Sweden and China.
Although ranked last for trustworthiness, crypto’s use as currency is growing
60% of those polled are currently using cryptocurrencies for day-to-day purchases or plan to do so within a year, according to an Economist Intelligence Unit survey
Although nearly 40% cryptocurrencies face an uphill struggle against distrust to be crowned as its anointed successor.
G7 report is a giant warning to stablecoins
Bitcoin has ‘failed’; stablecoins need heavy regulation
The G7 has finally released a major report on the potential impact of global stablecoins.
Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain
All major banks are looking at the potential of stablecoins
The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”