This year, the World Economic Forum takes place only online (January 25 - 29). His agendas also included two panels entitled: Resetting Digital Currencies. This is further evidence of the growing adoption of digital currencies in mainstream society. The World Economic Forum devotes a lot of resources to understanding cryptocurrencies and blockchain. The organization also set up a working group on cryptocurrencies, which last month published a survey focusing on various uses of digital assets. This research considers blockchain technology as a key driver of "sustainable digital finance." According to them, blockchain and smart contract capability can improve the functioning of existing digital financial systems, too.
The panel description states: "COVID-19 has accelerated the long-term shift from cash, with an 8% increase in non-cash payments in the euro area in 2020. Meanwhile, central bank digital currencies are emerging, potentially transforming how people use money worldwide. What policies, practices and partnerships are needed to leverage the opportunities posed by the rise of digital currencies?"
Representatives of the classical world of finance and cryptocurrencies were among the panel speakers. For example, Hikmet Ersek, President and Chief Executive Officer at Western Union, Andrew Bailey, Governor at Bank of England or Michael Casey, Chief Content Officer, CoinDesk.
You can see both discussion panels in the links below.You can see both discussion panels in the links below.
Resetting Digital Currencies (Option 1)
Resetting Digital Currencies (Option 2)
