- A recent study by Deloitte highlights how Bitcoin and cryptocurrency technology can help improve fiat currency ecosystems.
- The analysis, titled “State-Sponsored Cryptocurrency”, pointed out that the traditional fiat ecosystem is in need of a complete revamp to overcome its current issues.
- CBDCs will enable governments to influence the use of their local currency in international markets and trades, according to the report.
Deloitte’s analysis shows how Bitcoin and cryptocurrency can help improve the speed, security, and cross-border payment capabilities of fiat currency.
Deloitte, the financial services giant, recently performed a study on Bitcoin and cryptocurrency and how it affects fiat currencies. The analysis showed that crypto can serve as a foundation for cheaper, faster, and secure ecosystems for electronic fiat currencies. Additionally, cryptocurrency can also improve the state of Central Bank Digital Currencies (CBDC)
The analysis, titled “State-Sponsored Cryptocurrency”, pointed out that the traditional fiat ecosystem is in need of a complete revamp. This is because ...