Fiat Currency 2.0: Counter argument to the Cryptocurrency narrative

8 05 November 2019 182,765 2 comments

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

Tony McLaughlin, Emerging Payments & Business Development, Citi, speaks at Money 20/20 USA about the practical problems that still need addressing in the crypto-currency community, how Fiat Currency 2.0 will help fix payments as a counter balance to crypto and what challenges still exist around tokenisation and coins. We ask how this impacts the big techs and what regulatory, political and ethical concerns need to be addressed first before they achieve their own currencies.

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Citi

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/regulation & compliance /cryptocurrency /retail banking /security /payments /wholesale banking

Keywords

blockchain cards mobile & online banking open apis transaction banking

Comments: (2)

A Finextra member

05 November 2019

An interesting reminder. A crypto-currency is essence a Bearer instrument. To protect these cryptographic assets the private keys must be retained in a way that guarantees they will never be lost or acquirer by a foreign body. stoing in an electronic device does not guarantee long term retention. Maybe paper stored in a vault but then?

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A Finextra member

07 November 2019

Worth watching this video. Highlights some of the bigger implications for society of adopting digital currency. Issues that are often overlooked by crypto evangelists or tech enthusiasts but that need wider consideration and discussion.

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