Fiat Currency 2.0: Counter argument to the Cryptocurrency narrative

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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Comments: (2)

Philip Andreae
Philip Andreae - PA&A - Sea Island, Ga 05 November, 2019, 15:22Be the first to give this comment the thumbs up 0 likes

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?

A Finextra member
A Finextra member 07 November, 2019, 08:38Be the first to give this comment the thumbs up 0 likes

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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