Crypto and CBDCs in the world of payments - Are we witnessing a payments revolution?
You'd have to have been living under a rock to not have heard about the rise of cryptocurrencies, blockchain or Central Bank Digital Currencies (CBDCs). Whilst their mainstream adoption seems like an unstoppable juggernaut, their practical application remains a question mark.
In this episode, Paul Thomalla is joined by Eric Grover to dive into the world of digital currencies and ask the question: how will they really impact the world of payments?
Participants
The payments industry is an old one, going back to 3000 BC and probably beyond. Like many other parts of our life, the rate of change is increasing rapidly; our industry is in the midst of a cross over from an analogue world to a digital one.
At the same time the prevailing winds of change are not coming from the industry itself or from start-ups - there are plenty of those too - but the key change is coming from regulation.
However, these regulations are often the result of many years of wrangling, thousands of pages of documents and debate, discussion and stakeholdering. That’s before we get to the point financial institutions having to actually implement them!
In our Bitesize Payments Regulation podcast, we intend to cut through the noise and de-mystify some of the key regulatory changes happening in our industry, so you can get the bitesize chunks of knowledge you need to keep your finger on the pulse.
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