Visa Head of Crypto Says Central Bank Digital Currencies Could Boost Bitcoin

[Lorix]

Cuy Sheffield, Visa’s head of crypto, says the emergence of central bank digital currencies (CBDCs) will become a dominant trend in the future.

In a series of tweets posted on Saturday, the Visa executive emphasizes that interest in CBDCs is just getting started.

“I’d argue that central bank digital currency (CBDC) is one of the most important trends for the future of money and payments over the next decade. Regardless of anyone’s personal views of whether it’s good or bad, the reality is that global interest in it is not going away.”
More info: https://dailyhodl.com/2020/07/06/visa-head-of-crypto-says-global-interest-in-central-bank-digital-currency-cbdc-not-going-away/

[Delgado]

One can agree with this opinion. The digitized currencies of the central banks of states are much faster and more efficient in comparison with conventional non-cash payments in these currencies. Most importantly, however, digitized currencies are much safer in their transactions. Therefore, it is entirely possible that the stablecoins of the central banks of states will dominate financial relations in the next decade. Along with this, the popularity of decentralized cryptocurrency should also increase.