With September ending, life may have slowed down because of the pandemic. Still, the emerging tech reports keep coming in. So we have collected the best emerging tech reports published in September to keep you informed and occupied. Here are some of the overview of some of the exciting information included in this article:
1. European Central Bank
Starting with the declaration that the term stablecoin is misleading, the potential outcomes of stablecoins on the Eurozone are laid out. The three potential functions are defined as: in addition to the Euro, as a new payment method, or most disruptively, as an alternative store of value.
2. Bank for International Settlements
FinTech and Big Tech Credit: A New Database
This comprehensive overview of FinTech and big tech markets reveals that both have expanded to reach USD 223b and USD 573b, respectively. China, the US, and the UK dominate FinTech credit markets, while China, Japan, South Korea, Southeast Asia, and parts of Africa and Latin America have rapidly growing big tech markets. Both are more developed in places with greater ease of business and disclosures of investor protection. Overall, alternative credit complement, rather than replaces, other forms of credit.
3. dGen
CBDCs: Geopolitical Ramifications of a Major Digital Currency
With the launch of a digital Yuan imminent and the Dollar holding strong in its position as global reserve currency, this report explores the shifts in global economics that an economic superpower’s CBDC will bring. Specifically, how this will affect the Eurozone and the precarity of the Euro, in the second position but with a CBDC still distant, are analysed.
To read the full article, click here.
