According to the CNBC report, the British multinational banking giant Standard Chartered CEO, Bill Winters, suggested that there’s a “whole new world that’s opening.” He added that the digital currencies’ rollout is to go further and be led by both the private sector and government-backed entities. During a FinTech event, the CEO asserted that the recent and future implementation of digital currencies is to be led by private and government entities. He also stated that the digitizing world would make their adoption “absolutely inevitable.”
“Digital assets’ creation and adoption are “absolutely inevitable.”
The chief executive officer of Standard Charted, Bill Winters, has said that digital assets’ creation and adoption are “absolutely inevitable.” During this year’s virtual FinTech Festival in Singapore, Winters has reportedly stated that very soon, the financial institution will announce further news “along these lines.” He also said the rollout is happening because of the international payments system’s rapid evolvement. “I think there is absolutely a role for central bank digital currencies as well as non-central bank-sponsored digital currencies,” the CEO said during the event on Monday.
“Digital assets could be created for specific projects.”
Standard Chartered’s CEO also pointed out that digital assets could be created for specific projects, such as trading in the voluntary carbon market. Thus, users who want to offset their carbon emissions would be confident that their project’s financing is “verified, standardized, monitored.” The CEO also expressed that an interesting development would be to have “currencies that don’t match a currency in and of itself, but are intended to capture either a superset of a subset.” Central banks in many countries are currently exploring CBDCs. As reported earlier, Chinese e-commerce website JD.com would become the first online platform to accept digital yuan.
