digital currency and payment incorporating blockchain technology

Gold man Sachs has predicted that the metaverse could be an $8 trillion opportunity. In a recent episode of The Exchange at Goldman Sachs, analyst Eric Sheridan explained that today's digital economy is "about 20%, 25% of the global economy" and will continue to grow. along with the "virtual economy". "That's how we come up with numbers for outcomes ranging from $2 trillion to $12 trillion, with $8 trillion at the midpoint of all potential outcomes," he added. power."

The US looks set to go ahead to create its own central bank digital currency (CBDC), according to Bank of America, whose crypto strategists Andrew Moss and Alkesh Shah wrote in a note yesterday that CBDCs “are an inevitable evolution of today’s cryptocurrencies.” They expect the adoption and use of stablecoins for payments to increase dramatically over the next few years “as financial institutions explore digital asset custody and trading solutions and as payment companies incorporating blockchain technology into their platforms.”