IBM Executive: The Future of Digital Currencies is Bright!

Shyam Nagarajan, one of the executives of IBM Consulting, a subsidiary of the technology giant, was held in Davos, Switzerland earlier this week. World Economic He made statements about crypto at his forum conference. In his statement, the executive emphasized that central bank digital currencies (CBDC) will completely replace payment systems in the future.

According to Nagarajan, CBDCs will play an important role in future trade, but central banks issuing digital money should adopt a hybrid system.

authorities in many parts of the world. digital money is working for. The IBM executive thinks that paper money will be a thing of the past in the coming years and the entire payment system will be digitized. Nagarajan stated that stablecoin projects that are already operating play a transitional role in this process.

Rob Massey: Costs Will Cut

Rob Massey, who is responsible for the blockchain division at Deliotte, one of the world’s largest audit consulting firms, made some additions by confirming the IBM executive’s comments on a television show.

Massey mentioned that digital money and payment systems will make great progress. With CBDC, international money transfer will decrease to almost seconds, while transaction costs will decrease. In addition, currencies programmed with smart contracts will enable companies to observe their activities more transparently.

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