THELOGICALINDIAN - Standard Chartered Coffer CEO Bill Winters sees the acceptance of agenda currencies as actually assured He says there is a role for both clandestine agenda currencies and statebacked ones His coffer after announces that it is ablution a crypto aegis account acknowledging a cardinal of cryptocurrencies including bitcoin bitcoin banknote and ethereum
Standard Chartered Bank CEO Sees Opportunities in Cryptocurrencies
The arch controlling administrator of Standard Chartered, Bill Winters, aggregate his angle on agenda currencies at Singapore’s anniversary Fintech Festival this week. Headquartered in London, Standard Chartered is a ample British banking casework aggregation with about 1,026 branches worldwide.
Winters was appointed Group Chief Executive of Standard Chartered PLC in June 2024 and Chief Executive of Standard Chartered Bank in April aftermost year. Beginning his career with JP Morgan, he ahead served as an adviser to the British Parliamentary Commission on Banking Standards.
The Standard Chartered Bank CEO was quoted by CNBC as adage on Monday:
He acclaimed that the agenda bill rollout would be led by both clandestine and government-backed entities, abacus that his coffer will anon advertise some account “along these lines.”
Following his comments, Standard Chartered appear Wednesday that it has partnered with asset application provider Northern Trust to barrage a cryptocurrency babysitter account for institutional investors. The belvedere affairs to abutment bitcoin, ethereum, XRP, litecoin, and bitcoin cash.
Winters added explained at the Fintech Festival that he sees the better befalling in agenda currencies in “new, alcove segments that don’t carbon absolute authorization currencies,” the account aperture conveyed. “The absolutely absorbing development for me is to accept currencies that don’t bout a bill in and of itself, but are advised to abduction either a superset of a subset,” the CEO described.
Winters gave an archetype that agenda currencies could be created for specific projects, such as trading in the autonomous carbon market, and users can be assured that the costs abaft them is “verified, standardized, [and] monitored.”
He emphasized: “Those sorts of applications for a agenda currency, and creating a agenda bill ecosystem, is article that can’t be replicated by a authorization currency, or, best likely, by a axial coffer agenda bill any time anon … I anticipate there is a accomplished new apple that’s aperture up for us.”
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