This is a guest opinion post from Hervé François, ING’s Financial Markets Digital Assets Initiative Lead and CEO of Pyctor, the digital assets post-trade infrastructure.
Predicting the future is not easy, but that shouldn’t stop us from trying. Here are some of my forecasts for 2022.
In 2022, the People’s Bank of China will continue to develop its digital yuan and accelerate from trials to production. This will increase competition in China’s mobile payments market, which is dominated by Ant Group’s Alipay and Tencent’s WeChat Pay. A similar trend is emerging in India, which plans to launch a pilot central bank digital currency (CBDC) while continuing to ban crypto-assets.
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