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
Tag: digital dollar
From instant trade settlement, to real-time AML transparency and reporting, the Fed's CBDC / "Digital Dollar" will drive efficiency, enhance transparency and reduce privacy. "We are the Federal Reserve and we are here to help" (translation: run for cover). The Federal Reserve will have rolled out its CBDC - the Digital Dollar - by 2025 … Continue reading The Fed’s Digital Dollar Will Remake The Capital Markets
China today outlawed digital currency transactions as it ramps-up its digital Yuan effort. Our guess - as we previously wrote - is that the Fed will take similar action once it rolls out the digital USD. Read more about China's actions HERE. Related TEK2day reports & articles: article: A Digital Dollar Is Comingarticle: The Fed … Continue reading China Bans Crypto Transactions
The Fed's digital U.S. Dollar will happen. The question is which FinTech firms and traditional Financial Institutions will best leverage it. The Fed will quickly become a FinTech firm and Consumer Depository Institution of primary importance once it goes live with its digital U.S. Dollar. A whole new slate of FinTech firms will rise, building … Continue reading Leveraging The Fed’s Digital Dollar
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
"Be careful with me, I'm fragile. I'm easily broken." So go the lyrics to "Trip My Wire", but those words could just as easily describe the frail legacy technology infrastructure that underpins so many commercial processes from home and auto titling to financial trading systems, digital health records, government databases, customer databases and so on. … Continue reading A Better Tripwire Is Not The Answer