The notion of a digital dollar for the United States has been increasingly in the news in recent months. Research by the Federal Reserve into a Central Bank Digital Currency (CBDC) has been ongoing, and it’s easy to see why: between efforts from China to use digital currency in apps, to the increasing adoption rate of cryptocurrencies, and other faster payments technologies, … [Read more...] about A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
Wealth Technology that Personalizes Portfolios
You can choose what you want to watch, listen to, and buy whenever you want, reflecting your tastes and values in your choices. We’re on the same track with our investment decisions. Product providers are advising investment advisors on how they can use technology to retain their trusted positions with clients. “Clients today want investments aligned with their values,” said … [Read more...] about Wealth Technology that Personalizes Portfolios
New Horizons in Cryptocurrency
What’s on the horizon for cryptocurrency and blockchain technologies? It’s a question on a lot of people’s minds, and there’s a potential for more than a good profit margin for financial professionals who come to the right answers: a potential paradigm shift in payments, investing, and the way we use the internet itself could be on the line. For its April talk, the Chicago … [Read more...] about New Horizons in Cryptocurrency
A Focus on the Fed’s Digital Dollar Plans
The Fed’s announcement of a tentative look at the potential benefits of adopting a true digital U.S. dollar continue to have an outsize impact on fintech and the financial industry in general. Despite concerns, such a step would represent a truly seismic shift in the way the world does business, and the steps they take bear a lot of scrutiny in the months and years to … [Read more...] about A Focus on the Fed’s Digital Dollar Plans
Could a Central Bank Digital Currency be in the Cards for the U.S.?
President Biden called last week for an urgent, government-wide focus from the U.S. into the research of a potential Central Bank Digital Currency (CBDC) in an Executive Order. It’s a move that’s been a long time coming—American efforts in the space have lagged far behind some other countries, including China, which has already launched a pilot for its own digital … [Read more...] about Could a Central Bank Digital Currency be in the Cards for the U.S.?
The Future of Digital Assets: Not a Zero-Sum Game
Blockchain technology and digital assets rose to new heights in 2021; with a record $30 billion in investments, interest in this sector of FinTech has never been stronger. But what's happening with all that money? That was the subject of 1871's recent Tech Talk: Digital Assets and Cryptocurrency: A Breakout Year, with experts weighing in on where developments in digital assets … [Read more...] about The Future of Digital Assets: Not a Zero-Sum Game