A SUMMARY AND FULL REVIEW OF THE DISCUSSION AT THE WEBINAR ON 16 JANUARY 2021
The Future of Finance Meetings
The Future of Finance Meetings for 2021 will bring together a variety of high-profile financial speakers. We will host a series of discussions, articles and interviews across all of our chosen themes: Data, Digital Identity, Securities, Asset Management, Law and Regulation, Payments, Money, Insurance, Pensions, Real Estate, Technology and Funding FinTechs. Follow this page for further updates.
Interview with Loretta Joseph, a Fintech Advisor and Policy Influencer based in Mauritius on Programmable Money and Dominic Hobson, Co-Founder of Future of Finance on the concept of the tokenisation of money and how programmable money differs from traditional money.
Daniel Eidan is solutions architect and global CBDC and payments lead at R3, the distributed ledger technology firm. A panellist in our recent webinar on central bank digital currencies (CBDCs), he monitors the rapidly evolving field of CBDCs for R3, which has published a white paper on the subject and formed a CBDC working group. Dominic Hobson asked Daniel about the drivers behind CBDCs, the current state of CBDC development, the different types of CBDC that are emerging and the potential use-cases for CBDCs.
The main reason that central banks are cautious about issuing central bank digital currencies is that they threaten to undermine the source of funding of the commercial banks, and therefore their ability to lend. It is hard to see how this risk can be avoided.
With virtually every central bank on the planet investigating the risks and benefits of central bank digital currencies (CBDCs) it is easy to lose sight of the differences between their approaches. The Banque de France, in keeping with its longstanding suspicion of market-led innovation, is trying to control the pace of the digital currency revolution.