New Digital Currencies Shaping the Future of Money

 

Thursday 21st September

With:

| Sharmyn Powell, Chairperson, Fintech Working Group, East Caribbean Central Bank (ECCB)

 

Sharmyn Powell (ECCB) joined session #20 of The CBDC Broadcast to discuss the promise and perils of emerging digital currencies.

Drawing upon her deep expertise, Sharmyn shared her perspective on how digital currencies, from rCBDCs to stablecoins and tokenized deposits, are changing the payment ecosystem and offered insight into the Dcash rCBDC project. 

The session covered: 

  • The main motivation for rolling out DCash and an update on DCash adoption
  • The factors driving/curbing DCash adoption, including education, internet access and use cases
  • Why digital monies like cryptocurrencies, stablecoins, and retail CBDCs have seen limited adoption so far
  • The role of regulators and supervisors regarding digital currencies
  • How digital currencies can foster innovation and benefit the public
  • how can CBDCs and vehicles like DCash replicate the benefit cash offers at-risk groups

 

Resources and links: 

Watch on-demand:

 

 

Session #20 Guest

Sharmyn Powell

Chairperson, Fintech Working Group, East Caribbean Central Bank 

 

Ms Sharmyn Powell has been employed at the Eastern Caribbean Central Bank for over 25 years and currently holds the position of Chief Risk Officer.

She leads the Office of Corporate Strategy and Risk Management with responsibility for Enterprise Risk Management, Compliance, Strategic Plan development and monitoring and Business Continuity Management.

Prior to assuming this role, she served in various capacities at the Bank including, Deputy Director, Accounting Department, Director, Currency Management Department and Director, Support Services Management Department. She is the Chairperson of the Bank’s Fintech Working Group, which is leading the implementation of the DCash Pilot Project for the issuance of a block-chain based digital version of the EC Currency.

Ms Powell is a Certified Accountant (ACCA), and also carries the designations of Chartered Director (C. Dir) and Audit Committee Certified (A.C.C).

 

Missed our previous sessions?

 

You can catch up with The CBDC Broadcast on-demand. View all episodes >

 

 

More News

FNA’s Work Combatting Consumer Scams and Fraud Recognised at The RegTech Association Awards

FNA recently won the RegTech Association’s Chairman’s Award in recognition of FNA’s work in combatting consumer scams and fraud.    FNA received the award at the  #ACCELERATERegTechGlobal UK + Europe event, which took place at Australia House in London on Tuesday, 25th June. FNA’s Bimal Patel represented the company at the event.    The award […]

FNA Joins the Emerging Payments Association Asia

FNA is now a proud member of the Emerging Payments Association Asia.    The Emerging Payments Association Asia (EPAA) is a community of payment professionals who share a common goal of unifying the payments agenda in the region, accelerating business development and improving the regulatory landscape for organisations within the payments value chain.    FNA […]

FNA named Best Treasury Management Software Provider

For the second year running, FNA has been named ‘Best Treasury Management Software Solution Provider UK 2024’ by Global Banking & Finance Review.    The award recognises the impact of FNA’s Intelligent Liquidity Optimization (ILO) solution suite. FNA ILO is revolutionising liquidity management by leveraging the power of patented optimisation algorithms and network analytics, equipping […]
Copyright FNA © 2024 | Privacy Policy