UP CBDCs Cryptocurrencies and the Evolution of Money Essay
Description
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Writing Assignment #1
Read
Cryptocurrencies, Digital Dollars, and the Future of Money – https://www.cfr.org/backgrounder/cryptocurrencies-digital-dollars-and-future-moneyLinks to an external site.
Future of Money: Making sense of cryptocurrency, fintech and digital payments – https://www.reuters.com/business/future-of-money/Links to an external site.
Central Bank Digital Currency (CBDC) and blockchain enable the future of payments – https://www.ibm.com/blog/central-bank-digital-currency-cbdc-and-blockchain-enable-the-future-of-payments/Links to an external site.
Watch
Future of Money Author Eswar Prasad Says Blockchain Will Transform Finance at https://www.pymnts.com/blockchain/2022/future-of-money-author-eswar-prasad-says-blockchain-will-transform-finance/Links to an external site.
Think about
Are you aware of any concrete examples of blockchain use in banking, wealth management, real estate investments, insurance, fundraising, payment solutions, etc?
How blockchain technology is changing finance and any of the above areas?
How do you envision the future of money?
Write an initial post on the following (choose one):
Compose one of the case studies of blockchain use in Finance that you are aware of. Make sure that it is your own story and not “copy & paste” from the Internet. Explain changes, benefits, and possible pitfalls.
Cryptocurrencies vs. CBDC (central bank digital currency) – who will win this war? Support your opinion with details and reasons.
What is your vision of the future of money?
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