In an era of digital transformation, blockchain and cryptocurrencies are disrupting conventional financial paradigms. The latest discussion from Money20/20, a leading fintech forum, brought together Myles Stephenson, founder & CEO of Modulr, Sendi Young, Europe & UK managing director of ripple, and David Birch, director of Consult Hyperion, to elucidate the matter further.
Diving headlong into the captivating abyss of technology’s impact on our financial ecosystems, we navigate the uncharted waters of digital payments.
This financial realm, where tradition meets innovation, is amid a paradigm shift. At the helm of this transformation are two incredibly potent forces: blockchain and artificial intelligence (AI).
As suggested by the panel, an authoritative voice in digital financial services, AI’s transformative potential can be likened to an “event horizon.” Beyond this symbolic threshold lies an unpredictable yet inevitably altered future for the financial world.
The panel then chimed in with an intriguing thought. According to them, the real tremor in the financial landscape will be felt when AI extends its reach beyond financial institutions’ confines and seeps into everyday consumers’ devices.
The implication? The potential for change is tremendous; we are just at the precipice of this groundbreaking shift.
Tokenization: the new norm in value exchange
The discourse around the future of transactions has increasingly leaned toward value exchange. The idea? Moving beyond mere money transactions to a more comprehensive, tokenized exchange form.
Curr
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Author: Ankish Jain
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