4th September 2024 Digital Bytes

The economic impact of digital money - there is a growing body of evidence as to the impact of digital money on our lives and the economy. However, whether blockchain technology will be the ‘silver bullet,’ technology wise, is still to be determined. Whilst these digital currencies could streamline payments, reduce costs and expand access to financial services, their economic impact remains complex and mixed. Overall, the successful integration of digital money depends on thoughtful regulation, technological infrastructure and public acceptance.

Bankruptcies and bank failures such as Silvergate, SVB and Signature Bank and the impact of digital money (Part 2) - central bank digital currencies (CBDCs) and tokenised assets could reshape banking and economic structures. Whilst these innovations promise enhanced transparency and efficiency, they also pose risks to traditional banking, potentially increasing costs and reducing credit availability. Blockchain and AI integration offer solution…