Operating at the Intersection of Technology and the Capital Markets
Tag: digital currency
Ms. Brainard is a vocal advocate for a Fed-issued CBDC ("Central Bank Digital Currency"). China has rolled out its CBDC and the public is about to hear more about it during February's Beijing Winter Olympics. Thus, while the consensus is that President Biden will soon reappoint Jerome Powell to begin his next term as Federal … Continue reading Lael Brainard As The Next Fed Chair Is More Likely Than Pundits Believe
Many investors are aware of disruptive FinTech companies such as Apple Pay, Amazon Pay, Betterment, PayPal, Robinhood, Square and Stripe to name a few. These companies are disrupting the legacy FinTech landscape as well as traditional Banks in the pursuit of customers, deposits and payment volume. There is a new disruptive FinTech organization in town … Continue reading Bank & FinTech Consolidation to Continue. Central Banks as Disruptors.
A U.S. CBDC Means Less Privacy for Americans, More Competition for Banks, End of Days for Crypto. (Tickers mentioned: JPM, BAC, WFC) On Thursday Federal Reserve Chairman Jerome Powell made a statement about the Fed's progress in exploring a U.S. CBDC ("Central Bank Digital Currency", see the below video). Powell assured viewers that a U.S. … Continue reading A Digital Dollar Is Coming
Coinbase (tkr: COIN) prices today and company co-founder Brian Armstrong made the point that regulation and cybersecurity are two key threats to the crypto industry. We believe that the crypto industry will spearhead cybersecurity innovations that will eventually be adopted by many consumers and enterprises. Tickers mentioned: COIN, MSFT, ORCL, PYPL, SAP, SQ, TYL When … Continue reading Crypto To Drive Next-Gen Security
A digital currency world is coming. The 2022 Beijing Olympics will operate via a digital RMB for local attendees and may include digital cross-border payments as well. Our Federal Reserve is experimenting with digital currency. Both Fed Chair Powell and Treasury Secretary Yellen have talked down Bitcoin and said the U.S. will move slowly with … Continue reading Square, PayPal, and Apple Will Dominate A Digital Currency World
Blockchain and a central bank digital currency are two key Fintech areas where the U.S. lags China. Last week we wrote that Distributed Ledger Technologies ("DLT") such as Blockchain are a ripe opportunity for a Public-Private Partnership should the Biden Administration move forward with an infrastructure investment plan later this year or early 2022. Some … Continue reading The U.S. Lags China In Key Fintech Areas
The SPACs just keep coming. EV manufacturer Lucid Motors plans to IPO via Michael Klein's Churchill Capital. Zero revenue and a $24 billion proforma valuation. I find it fascinating that "sober" investors such as Fidelity and BlackRock participate in these bubble deals. Link HERE. Another SPAC listing will take place when Apex Clearing completes its … Continue reading SPAC-Mania, Bitcoin and The Fed
Cerner, Epic, Microsoft, Oracle, Salesforce and more will spearhead the Vaccination Passport. Tickers mentioned: AAPL, AMZN, CERN, CHNG/UNH, CRM, FB, GOOG, MSFT, ORCL, RAMP One could argue that we already have National ID cards. Our digital footprint serves as a unique identifier and is easy to aggregate using cross-device tracking technology served up by Google, … Continue reading A Vaccination Passport Is Coming. Digital Currency and A National ID Card Are Next.
More precisely - "will central banks allow decentralized digital currencies to exist over the long-term?" The short answer is we do not know for sure, but there certainly is an incentive for the Federal Reserve and other central banks to want to tame any currency that falls outside of central banks' sphere of control. Central … Continue reading Will The Federal Reserve Allow Bitcoin to Exist Long-Term?
It would appear so as the Federal Reserve Bank of Boston is partnering with MIT to explore digital currency. The Federal Reserve Bank of Boston is partnering with MIT on the Digital Currency Initiative ("DCI"). DCI will collaborate with the Bank to build a hypothetical digital currency. The Fed and MIT will collaborate in a … Continue reading Is The Federal Reserve Warming Up To Digital Currency?
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