“CBDC is the beginning of another evolution” Anndy Lian told Blockchain Today Magazine

South Korea leading blockchain magazine “Blockchain Today Magazine” published Anndy Lian’s thoughts on CBDC. This quote can be found on Blockchain Today Magazine, Volume 29 Special Edition, page 43.

암호 화폐 지불에 대한 수요가있을 때 암호 화폐 채택 으로 시장을 이끌 것이고, CBDC는 또 다른 진화의 시작입니다. 개인 적으로 가장 매력적인 사용 사례는 CBDC라고 생각합니다. 투명한 외환으로 연중 무휴 24 시간 국제 거래를 돕는 디지털화는 믿을 수 없을만큼 강력합니다. XRP, BNB, LTC 또는 스 테이블 코 인은 CBDC 이니셔티브에 맞춰 디 지털 법정 화폐를 교환하기위한 브리지 자산 역할을 할 것입니다. 블록 체인 및 암호 화폐 회사가 코 인과 블록 체인 기술이 미래 CBDC의 형성에 어떻게 도움이 될 수 있는지 보여주기 위해 이제 첫 번 째 단계를 밟아야합니다.- Anndy Lian, Advisory Board Member, Hyundai DAC

When there is demand for cryptocurrency payments, it will lead the market to cryptocurrency adoption, and CBDC is the beginning of another evolution. Personally, I think the most attractive use case is CBDC. Digitization is incredibly powerful, helping international trading 24/7 with transparent foreign exchange. XRP, BNB, LTC, or stablecoin will serve as a bridge asset to exchange digital fiat currencies in line with the CBDC initiative. Blockchain and cryptocurrency companies must now take the first step to show how coins and blockchain technology can help shape the future CBDC. (Direct translation by Google Translate)

CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. Central banks have constantly evolved through the centuries, and history shows that. CBDCs is one o which. For a start, CBDC would ensure that economies go digital. It is more than just another way to pay. It is a catalyst for currency innovation.

Original Source: https://ebook.etarae.com/blockchain_today/02/#p=43

 

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Anndy Lian Shared his views on the role of Central Bank Digital Currencies and Cryptocurrencies at Singapore Cloud & Datacenter Digital Summit

Anndy Lian moderated a session on Fintech Market Analysis: The Impact of Interconnectivity in Singapore at the Singapore Cloud & Datacenter Digital Summit on 26 November 2020. In his speech, he shared his views future of the Fintech market and the role of Central Bank Digital Currencies and Cryptocurrencies (CBDC).

“I think at the right time, and when there is a demand for cryptocurrency payments is there, it will drive the market towards crypto adoption. CBDC is the start of another evolution.” Anndy Lian commented.

Joel Yarbrough added, “Personally, I think the most compelling use case is CBDC. The digitalisation of currency helping cross border trading 24/7 with transparent foreign exchange is incredibly powerful.”

Anndy shared further that he is still advising governments in the region on blockchain matters and the more innovative ones are looking at using core crypto coins, e.g. XRP, BNB, LTC or stable coins to act as a bridge asset to exchange digital fiat aligned to their CBDC initiatives. He also highlighted separately that blockchain and cryptocurrencies companies must take the first step to showcase how their coin and technology can help the formation of the future CBDCs.

This session came at the right time where the pandemic COVID19 accelerates Singapore’s digital push. The drive for digitisation is more substantial than before and behind the powerful force is Singapore’s Government taking the lead and setting aside more than S$500m to assist Singaporeans and local businesses manage the crisis through digital transformation. Today at another media interview, Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore mentioned that year to date, there are already $1.3 billion of Fintech investments made.

The panel lead by Anndy Lian (Hyundai DAC Technology) and with panellists Khuan Yew Lee (Fave), Joel Yarbrough (Rapyd) and Varun Mittal (EY) discussed topics like:

1. What’s driving the growth of contactless payments in the digital transformation of Singapore?

2. Fintech is an ever-evolving industry, with its mandate broadening with each iteration (1.0, 2.0 and now 3.0). At the same time, early fintech players like Paypal are at no risk of going out-of-date due to the evergreen necessity of payment platforms. Where do you see the most significant potential for fintech expansion in Singapore?

3. Many estimations are putting the adoption rate of digital payment platforms at an all-time high. Even for cloud-native companies, this presents capacity challenges. How do you deal with speeding up deployment to match this demand?

4. How do you see the embrace of blockchain influencing the fintech market (more than it already has)?

Singapore Cloud & Datacenter Digital Summit has brought the top 200 IT and data centre professionals to hear from industry leaders and new entrants on what to expect from a hub market, the downstream opportunities to the edge markets, and the innovation of technology in the space of Cloud Computing, connectivity, cybersecurity and data centres. Other speakers include: Daryl Pereira (KPMG Singapore), Palaniappan Muthuraman (Piller Power Singapore Pte. Ltd), Clement Goh (ST Telemedia Global Data Centres), Atul Babu (PCCW Solutions Limited), Anthony Hodge (Standard Chartered Bank)

BLOCKCAST reported this session. BLOCKCAST.CC a broadcasting news source for the blockchain community founded in Singapore.

About Anndy Lian:

Anndy Lian is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030” and currently the Advisory Board Member of Hyundai DAC Technology. He plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. You can read more about Anndy’s work at www.anndy.com

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