The end of the technological life cycles of legacy payment systems in the early 2020s, together with emerging payment trends, requires central banks to intensify their examination of alternative payment systems.
Source quote, verbatim
The end of technological life cycles of legacy systems in the early 2020s and associated emerging trends in payment systems necessitate central banks' enhanced examination of alternative payment systems.
Wulf A. Kaal, How Decentralized Systems Can Upgrade AI (2021). SSRN: https://ssrn.com/abstract=3808867
Holds when
central banks and governments experimenting with digital and cryptocurrencies since 2015
Classification
predictivesupport: arguedsystemic-risk
Related claims
restateskaal:claim:3396522-006 Central bank operated wholesale payment systems are at the end of their technological life cycle, running on l...
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