FP Virtual Dialogue: Crypto’s Impact on Global Finance
Will digital money build more inclusive economies?
A profound transformation of global finance is underway bringing the potential for a more equitable and inclusive economic future. The development of new financial technologies and their adoption by nation states and private actors is unleashing transformative effects on the international financial system. Proponents suggest that cryptocurrencies are primed to lay the foundation for a more open and inclusive global financial system. With the advancement of blockchain technology, fintech innovation and technology’s digitizing impacts on our lives – there’s little doubt these trends will reshape the world of finance, create new frontiers in the digital services industry and usher in a fundamental rethinking of the value of money.
How can cryptocurrencies contribute to a more democratic and equitable financial system? As this technology develops, how might private actors and central banks approach new global financial landscapes? How will the widespread adoption of cryptocurrencies change governments’ approach to monetary policies? What is needed in terms of innovation and collaboration with financial institutions and regulators to help democratize global finance?
Foreign Policy, in partnership with Square, Inc. convened entrepreneurs, global thought leaders, and finance experts to examine cryptocurrency’s impact and future across the international marketplace and spotlight innovative efforts in the crypto space. The discussion featured insights from FP Analytics’ new Power Maps series on the Future of Money, examining the forces shaping the global financial landscape and driving the adoption of new financial instruments by major institutions, tech companies as well as individual investors.
Join the conversation online using #OpenGlobalFinance
For more information, contact Diana Marrero, Senior Vice President of Strategic Development.