We’re living in a time where digital assets are moving towards mainstream adoption. From retail customers to traditional banks and financial service providers, digital assets are on the rise. Many of these assets promised to disrupt financial markets and large incumbents, and while they have received widespread attention, they haven’t quite achieved their potential. That said, large institutions are taking notice — 86% of the world’s central banks are exploring digital currencies, according to a report by the Bank for International Settlements.
They recognize that despite being in a golden age of innovation, payment systems remain somewhat archaic. And so, in my view, there is no reason why current payment systems won’t follow a similar trajectory to industries that have been transformed by new technology in the past decade.
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