Step aside Bitcoin, central bank digital currencies can be the real disruptors, S&P says“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹
- Date: 07-Jun-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Step aside Bitcoin, central bank digital currencies can be the real disruptors, S&P says“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹“‹
Central bank digital currencies have the potential to be the real disruptor in the financial sector, as opposed to cryptocurrencies that are merely a tool for speculative investment, according to S&P Global Ratings.
“The price of a cryptocurrency is volatile and it can go down, but what cannot go down is the price of a CBDC,” Mohamed Damak, a senior director at S&P Global Ratings, said on Sunday. “A digital dollar will always remain a digital dollar, unless the Fed decides otherwise.”