21st February 2024 Digital Bytes

Why do we need a digital pound? - the need for a digital pound arises from the changing landscape of payment systems. Digital currencies, including CBDCs and stablecoins, offer direct peer-to-peer transactions so reducing reliance on traditional banks. The potential benefits include cost reduction, efficiency improvement and increased transparency. With global payments estimated to surpass $3trillion by 2027, embracing digital currencies is crucial for financial innovation. Furthermore, providing consumers with choices (including digital bank accounts) can foster competition.

How to invest in Web3 - navigating Web3 investments raise pivotal questions such as, which projects will shape industries and how can investors discern lasting innovations as opposed to chasing a trend? Amidst diverse interesting projects, distinguishing trends from lasting innovations becomes paramount. With decentralization as the cornerstone, the role of regulations in Web3’s future looms large. And in this tra…