⚠ XRP (RIPPLE) THE FUTURE MONETARY SYSTEM | PROSHARE FIRST BITCOIN ETF IN USA | XLM, QNT, HBAR, XDC

⚠ XRP (RIPPLE) THE FUTURE MONETARY SYSTEM | PROSHARE FIRST BITCOIN ETF IN USA | XLM, QNT, HBAR, XDC - In this video, we discuss, XRP News today, plus crypto news today, and more.
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CBDCs the Core of Future Monetary System: BIS Report
Crypto provides promising technological possibilities but cannot fulfill the high-level goals of a digital monetary system, according to the institution

As Terra’s stablecoin implosion and recent market turmoil have demonstrated crypto’s volatility, central bank digital currencies, or CBDCs, offer a more stable solution for a future monetary system, according to the Bank of International Settlements (BIS).

Crypto’s security risks, high fees and scalability issues, as well as its “unregulated intermediaries that pose financial risks,” are growing concerns in today’s monetary system, BIS said in its annual report, released Tuesday.

“The crypto universe lacks a nominal anchor, which it tries to import, imperfectly, through stablecoins,” the report said. “​​These structural shortcomings are unlikely to be amenable to technical fixes alone. This is because they reflect the inherent limitations of a [decentralized] system built on permissionless blockchains.”

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⚠️ Disclaimers: The above references an opinion and is for entertainment purposes only. I'm not a financial advisor and this is not intended to be investment advice. Seek a duly licensed professional for investment advice. ALSO, Links in the description are typically affiliate links that let you help support the channel at no extra cost.