JORGE LESMES TITLE : SENIOR DIRECTOR & CLIENT PARTNER , BANKIN
TECH & AI
Jorge notes : “ The US , with its strong financial infrastructure and status as a global tech and finance leader , is wellpositioned to facilitate the development and adoption of digital currencies including Tether ( USDT ), MakerDAO ( DAI ) and USD Coin ( USDC ).
“ China has introduced the First Digital USD ( FDUSD ), backed by the US and recognised as one of the world ’ s largest stablecoins .”
Despite positive steps , the path to widespread adoption is not without challenges . As Jorge points out : “ Several concerns must be addressed for CBDCs and other digital currencies to be successful and gain public acceptance .
“ A lack of financial literacy , education and proper guidelines around cybersecurity across the financial sector , as well as the pressure on banks to innovate quickly , are just a few lingering issues that require attention .”
The regulatory landscape is , however , evolving to keep pace with these innovations .
“ Switzerland is excelling in the regulatory space ,” notes Jorge , “ by combining technological innovation with a solid regulatory framework to ensure the secure creation and adoption of digital currencies .”
In the next decade , the integration of these currencies with existing financial systems , coupled with regulatory frameworks that ensure security and stability , will be crucial for their widespread adoption .
JORGE LESMES TITLE : SENIOR DIRECTOR & CLIENT PARTNER , BANKIN
COMPANY : NTT DATA INDUSTRY : TECH , BANKING LOCATION : UK
With over 15 years of experience in the Banking and Capital Markets industry , Jorge Lesmes is a seasoned Client Partner who thrives on building long-lasting and mutually beneficial relationships with clients .
“Considering how digital currencies will impact everyday banking users financial literacy education is important ”
JORGE LESMES SENIOR DIRECTOR & CLIENT PARTNER , BANKING NTT DATA fintechmagazine . com 169