Digital Currency can transform the way society thinks about money. The rise of cryptocurrencies such as Bitcoin, Ethereum, and thousands of other cryptocurrencies have woken up the central banks, who finds their existence threatened by these new players who are hell-bent on upsetting the present financial regimens?
As a result, today, most central banks are racing to launch their very own CBDC as per Squawk Box.
Sonnenshein @Sonnenshein CEO @Grayscale was asked if the birth of the Digital Currency can spell a death knell for PayPal and other such platforms Sonnenshein said, that companies like PayPal already include decentralized finance in their portfolios.
He also added that the birth of Digital Dollars will not push out the existing cryptocurrencies but augment their utility. It is the birth of the DeFi regimen, and the more it spreads, the more inclusive it will be, providing banking benefits to a wider population.
“The emergence of a digital dollar or a federal backed digital ass
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