Virtual Cash Will Survive the Crypto Winter

The Bretton Woods Committee is proud to Member Spotlight BWC Chair William C. Dudley who recently authored a Bloomberg article on the capacity of CBDCs to make the financial system more useful to greater numbers of people and the need for international standard-setting.

“I believe they [CBDCs] still have ample potential to fulfil the promise of a more efficient and inclusive financial world. But their impact will likely be more evolutionary than revolutionary. CBDCs are coming, because they represent a big upgrade over money as we know it," said Dudley.