Discover and read the best of Twitter Threads about #baritainsights
Most recents (1)
1/ Central Bank Digital Currencies (CBDCs).
What are they?
Why is GOJ & BOJ pursuing them?
Today we are going to dive into CBDC, how it might impact Jamaica & your portfolio.
#FinanceTwitterJA #BILNewsletter #BaritaMoneyIQ #BaritaInsights
// 🧵
What are they?
Why is GOJ & BOJ pursuing them?
Today we are going to dive into CBDC, how it might impact Jamaica & your portfolio.
#FinanceTwitterJA #BILNewsletter #BaritaMoneyIQ #BaritaInsights
// 🧵
2/ A digital currency is simply digital money. The most popular are cryptocurrencies (Bitcoin, Ethereum, etc.).
The main benefit of cryptocurrencies is the fact that they are decentralized (i.e. not controlled by any one institution).
The main benefit of cryptocurrencies is the fact that they are decentralized (i.e. not controlled by any one institution).
3/ Secondary benefits are the fact that money can be sent around the world at a fraction of the cost of traditional wire transfers and much faster.
As a result of those benefits, investors and consumers have flocked to cryptocurrencies in droves over the last decade.
As a result of those benefits, investors and consumers have flocked to cryptocurrencies in droves over the last decade.
