MetLife Investment Predicts CBDC Not A Passing Fad

MetLife Investment predicts CBDC not a ‘passing fad. On January 8, institutional investor MetLife Investment Management (MIM) disclosed a blockchain primer explaining the forthcoming role of blockchain-based assets, specifically central bank digital currencies (CBDCs).

The primer stated that CBDCs are a logical progression of money and technology that are “unlikely [to] be a passing fad,” The investments giant also notes that a “true CBDC launch among Western countries seems unlikely to occur anytime soon” as key technical questions have not been addressed.

The document continues to add that “However, just as the dreams of cryptocurrency developers tend to be rather lofty, so are those of various CBDC initiatives,”

[image: IBM]