central-bank-digital-currencies-not-a-‘fad,’-metlife-investment-says

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

The investment large predicts CBDCs will proceed gaining steam, though a “launch among Western worldwide locations appears no longer probably to happen anytime soon.”

MetLife
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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.

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