Search DubaiPRNetwork.com

Dubai and UAE

Sunday, February 28, 2021/ Editor

Home >> Business and Economy

BofA Global Research Podcasts: Central Bank Digital Currencies: Stable and Still Disruptive

Home >> Business and Economy

Key takeaways 

•        BofA Global Research Podcasts are an ongoing series of discussions covering growth industries and topical market themes.
•        T.J. Thornton is joined by Philip Middleton & Alastair Ryan for a discussion of Central Bank Digital Currencies (CBDCs).
•        We discuss differences between CBDC & Crypto, the rise of private sector stablecoins, & impact of CBDC on comm banks.

 

Central Bank Digital Currencies are not Crypto, but would be a better payment mechanism 
While electronic payments today necessitate commercial banks, if Central Bank Digital Currencies (CBDCs) were adopted, electronic payments could happen without them. Deposits could be held at Central Banks too. Our European banks team believes the ECB will decide to run a full CBDC trial by the middle of this year. Geopolitics and years of the EU trailing the US in technological advancement may have pushed the ECB to move more quickly than other major central banks on this front. And while a full-fledged CDBC is still years off, even in the Eurozone, implications for banks and payment networks are critical to understand now, as the ECB makes it increasingly clear that change is likely coming. 
 

 

 

Share


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

NHRI Organizes Ninth Knowledge Lab on Workers' Rights

Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Prizes This DSS!

RTA Calls on Motorists to Perform Routine Vehicle Checks and Servicing

Dubai Municipality launches ‘Future Talents' programme to train 200 students in future skills

Cigna Healthcare Becomes First Health Partner for UAE Startup Ecosystem Ignyte

Tomorrow Takes Flight: The Emirates Group showcases collaborative sustainability initiatives in avia ...

FDF hosts dialogue forum to showcase services in Al Khatim

Dubai Open Tennis Academies Championship Concludes with Resounding Success

Sharjah Chamber strengthens investment cooperation with Africa during first-ever trade mission to Ma ...

Khalifa Fund for Enterprise Development launches ‘Future Entrepreneur' program to enhance entreprene ...

Dubai Culture and National Youth Orchestra of Dubai Put UAE's Creative Youth on World Stage at Carne ...

UAEREP's 12th Rain Enhancement Hub Webinar Session Explores Eco-Friendly Cloud Seeding Technologies

Ajman Department of Tourism Development launches second edition of ‘Self-Exploration through Tourism ...

DSS 2025 Unveils AED 20 Million In Prizes With Citywide Raffles and Retail Promotions

Emirates SkyCargo doubles down on providing exceptional customer experience

The Emirates A350 begins regular operations to Muscat

Zoho Strengthens Support for UAE's Tech Sector By Partnering with DART

Dubai Launches Landmark Initiative Further Enabling First-Time Homeownership

SalamAir Releases 2nd Quarter (Q2) On-Time Performance Data

'School of Life' Brings a Summer of Enriching Experiences to Public Libraries