Asia's Insurmountable Digital Banking Lead and Tokenization Forces the Great "Replumbing" of our Financial System
Is the digital euro a sell-out to banks?
Artwork of the day: Point, Counterpoint, dueling street artists, Padua, Italy
Alessio-b, an Italian artist, creates street art that integrates images of children, hearts drawn on walls, and iconic figures. Much of his work can be found in his native Padua, his work transmits messages of peace and love with a touch of irony.
The problem is that not all street artists agree with his style of heart, peace, and love. They have started to advocate for more edgy composition on the streets and in this case, directly challenge his creation with the claim that it is “vandalism.”
The juxtaposition of these dueling points of view comes alive in this great pair of paintings.
So is it vandalism or beautification?
Why today’s stories matter:
The dueling street art above shows that there are always two points of view, and that is the theme of all of today's stories
Asia’s lead in digital banking is unassailable, and while progress is being made in the EU and the US, they are years behind. Regardless of who is in the lead, what is indisputable is that digital banking is the future.
Tokenization is a $40 trillion market that will “replumb” the entire financial system. However, as with real plumbing, there will be many plumbers and different ideas on how to do the job. It isn’t a “zero-sum” game.
So, if we’re replumbing our financial system, do we buy copper or PVC pipes? That may sound like a stretch, but we now have to decide whether to install “quantum-resistant” pipes in tokenization or risk problems down the road.
The digital euro is a sell-out to banks! There, I said it. Are you surprised? Don’t be. The digital euro is like making sausage: it tastes good, but you don’t want to watch them make it!
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