An insightful presentation by ProgressSoft experts at CBPC 2020 revealed how electronic know your customer and central bank digital currency solutions are together paving the way for a new era of central banking that is near – and here to stay.
Millennials are reshaping the behavior of the financial sector, and how regulatory bodies choose to react is what will ultimately determine whether meeting their disruptive demands will be realized through a strategic evolution – or millennial revolution.
From the drawbacks of traditional money today, to crisis management in times of a global pandemic, central banks around the world are accelerating their shift towards issuing their own digital money.
The starting pistol has been sounded for central banks to thoroughly investigate the issuance of Central Bank Digital Currency (CBDC). Here’s what ProgressSoft’s team of experts had to say about the disruptive technology.