Central Monetary institution Digital Currencies No longer a ‘Fad,’ MetLife Investment Says
Institutional investor MetLife Investment Management (MIM) has released a recent macro system primer outlining the arrival near near intention of blockchain-essentially essentially essentially based resources, particularly central bank digital currencies (CBDCs).
- MIM, essentially based in 1868, states that CBDCs are a logical progression of cash and technology which are “no longer probably [to] be a passing fad,” in accordance to the primer released Jan. 8.
- The investments large also notes that a “right CBDC launch among Western worldwide locations appears no longer probably to happen anytime soon” as key technical questions dangle yet to be addressed.
- “Nevertheless, just because the needs of cryptocurrency builders are inclined to be moderately lofty, so are those of diverse CBDC initiatives,” the doc states.
- MIM had some $651 billion in resources under management (AUM), as of September 2020.