Bill Winters, CEO of Standard Chartered, emphasized that the creation and deployment of digital currencies on a large scale is absolutely inevitable in the rapidly developing international payment system. >
According to Arabiyanet, during his speech at the Singapore Fintech Festival, Winters said there is room for both state-backed digital currencies and corporate-backed private currencies. / p>
and regarding cryptocurrencies, Winters said, Standard Chartered Bank will announce more news on this matter in the coming days.
batch to digital
Already, governments around the world have begun experimenting with digital currencies, which proponents argue allow for smoother financial transfers, with China topping the list, after public trials have started For the digital yuan.
However, Winters said the greatest opportunity for digital currencies could be in new niche sectors that do not duplicate existing fiat currencies.
The CEO of Standard Chartered went on to say, “A really interesting development for me is having currencies that do not match a currency in and of themselves, but aim to capture a comprehensive range of Sub-group.
