Steami’s co-founder says CBDCs will co-exist with cryptocurrencies

Steami’s co-founder says CBDCs will co-exist with cryptocurrencies
ôîòî ïîêàçàíî ñ : invezz.com

2021-5-18 20:45

Junhaeng Lee, the CEO, and co-founder of Streami, a Seoul-based blockchain company that operates South Korea’s largest crypto exchange Gopax, believes central bank-issued digital currencies (CBDCs) and cryptocurrencies will co-exist.

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As central banks worldwide continue to establish their digital currencies, one of the largest US investment banks, Morgan Stanley, says they won't be a threat to cryptocurrencies. Analysts at Morgan Stanley believe that both central bank digital currencies (CBDCs) and cryptocurrencies would co-exist because they are not the same and serve different purposes.

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