Status: Draft -- Not PublishedWill be live at 08/24/2022 00:00
FRT Episode 125: The Future of Money and Crypto Winter with Doug Elliott
In this episode of FRT, Doug Elliott, Partner and Head of the Oliver Wyman Forum's Future of Money Initiative, discusses trends impacting global economics, the importance of designing CBDCs with a workable business model in mind, and the outlook for Crypto Winter.
Doug shares the findings of reports published by Oliver Wyman in 2022, including:
- “Unlocking $120 Billion Value in Cross-Border Payments: How banks can leverage central bank digital currencies”, with J.P. Morgan
- “Retail Central Bank Digital Currency: From Vision to Design, a framework to align policy objectives and technology design choices”, with AWS
- “Climate, Crypto, and Competing in this Cycle”, with Morgan Stanley
Each of these findings provides a view into the likely future of money and critical decision factors for consideration during development. Doug observes that a committed “base” of crypto users and industry participants exists and posits that Crypto Winter will be only that – winter, not an ice age.