Bhairav Trivedi on the Advantages and Disadvantages of Central Bank Digital Currencies (CBDCs)
Our CEO Bhairav Trivedi discusses CBDCs – From fraud detection and prevention to privacy concerns, find out more about the advantages and disadvantages of central bank digital currencies as featured in Financial IT.
Can fintech really be a force for good? Whether its blockchain, cryptocurrency or even simply advances in online banking, financial services and technology have become irreversibly linked. Fintech companies have brought much-needed disruption to the financial world, redefining banking and financial services, but this rapid disruption has also led to many financial organisations feeling the need to play catch-up, putting innovation and profit above the needs of the end user.
Our mission is to move money where it’s needed. B Corp Certification, and B Lab’s mission to transform the economic system into one that is inclusive, equitable, and regenerative, was therefore a natural fit.
It’s been estimated that by 2027, the value of cross-border payments will have risen $100 trillion in the previous decade thanks to, in part, rapid expansion of supply chains across borders, international trade and e-commerce and international remittances.