DeFi News Official TheBitTimes.com

Central bank digital currencies (CBDCs) are increasingly becoming the forefront of financial discussions. As of 2023, about 130 countries, representing 98% of global GDP, are exploring the implementation of CBDCs. This piece delves into the specifics of CBDCs, benefits, and challenges and offers a comprehensive view of the current CBDC landscape. Dive into the realm of finance today, and one term you’re bound to encounter is central bank digital currencies (CBDCs).  Imagine these as digital alter-egos of our well-known physical cash, meticulously minted and regulated by central banks. Many see them as a safe haven in the tumultuous sea of crypto assets, offering an element of security that some find comforting. CBDCs are not a recent fad. They’ve been on the stage of financial innovation for more than three decades. The year 1993 saw the Bank of Finland create the Avant smart card, an electronic form of cash that stands as the world’s first CBDC, albeit short-lived. Ho...

Breaking down barriers and promoting equality in finance — a female CEO in finance shares her insights. As the world celebrates International Women’s Day, it is important to highlight the achievements and contributions of women in various industries, including finance. In this interview, Jessica Beckstead, managing director, North America, and CEO, US, shares her experiences and insights on gender equality in the sector. Her advice for women starting out in finance and her efforts to promote more equality and acceptance across the financial sector are particularly relevant on this day as the world celebrates the social, economic, cultural and political achievements of women while also recognizing the work that still needs to be done toward gender equality. Q: What made you want to enter the finance industry? It all started when I was in college studying international politics and economics. I began day trading. I found it really exciting, so I made the decision to go into finance and ...