3min chapter

The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion cover image

Ep 80 | Tokenized Cash and Reducing Systemic Risk

The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion

CHAPTER

The Importance of Embalming Payment Services

Gordon Brown: To address the systemic risk, you had to address the root cause. The root cause of systemic risk in part is concentration of risk in large financial institutions and that could only be addressed through more drastic overhaul of financial system. He says central bankers have been talking about trying to shrink down the balance sheets of their central banks which has held some issues in the past.

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