Today, prominent figures in fintech and banking spoke at the IMF’s ‘Big Tech and the Future of Finance’
seminar, part of its annual meeting. Calibra head David Marcus,
Bank of England governor Mark Carney,
Infosys founder Nandan Nilekani, and Havard economic professor Jason Furman discussed digital payments, stablecoins, and the
Libra cryptocurrency project.
The role of big tech firms like Facebook breaking into the finance world was the underlying thread of today’s conversation. As the European Central Bank (ECB)
said previously, the release of Libra has driven central banks to redouble their efforts to develop central bank digital currencies (CBDCs).
The three steps to enabling financial inclusion
Indeed, bodies including the ECB and
Bank of International Settlements have concluded that stablecoins could have a significant role in the future, so how could they be implemented?
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