David Shrier and Professor Chris Tucci with attendees The need for digital currency to help solve societal challenges in Africa was among the key issues discussed by Imperial experts at Davos 2023. In a discussion hosted by the Business School’s Centre for Digital Transformation , experts from the private sector, academia and government gathered to discuss how Africa can develop digital currency alternatives to address critical issues facing the continent. They discussed the best ways to help a developing economy using digital finance, drawing not only on the participants, but also prior work by Imperial College Business School in Tanzania. The discussion looked at the value of stablecoins – cryptocurrencies which aim to provide an alternative to the high volatility of more popular cryptocurrencies such as Bitcoin. Stablecoins are especially helpful in Africa as they can help to offset inflation and avoid the devaluation of national currencies. Professor of Practice AI & Innovation, Business School The discussion also touched on the need to incorporate environmental, social and governance (ESG) and marry biodiversity within financial inclusion, how to manage the risks associated with central banks, the need to safeguard citizens and to effectively maintain monetary policy. Driving finance for climate […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
