Fiat Currencies Gone Flat? The Rise of Big Tech Crypto
Herbert Sim
Futurist, AI, Transhumanism (Neurochip, Genetics Technology, Longevity Science)
Tech titans like FAANG pose a complex challenge to governments which have yet to figure out how they should be regulated.
Even as political leaders call for checks on their fast-growing influence, Big Tech is forging ahead into new frontiers – cryptocurrency being a recent prominent example.
With Facebook’s Libra cryptocurrency being backed by numerous industry majors and creating popular buzz, the future could see more cryptocurrencies by Big Tech.
In the face of Big Tech’s growing global footprint, only time will tell if the dominance of fiat currencies will last. Who will be left standing – Big Tech or governments?
Read more on my article entitled: "Fiat Currencies Gone Flat? The Rise of Big Tech Crypto", also to see the illustration's Work-In-Progress.