"CBDC will play an important role in the field of finance" - says ex-CEO of Barclays

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Bob Diamond, who previously held the position of chief executive officer in one of the largest British and global financial conglomerates, believes that the CBDC digital currency should not be underestimated.

According to Diamond, the central bank digital currency can and will play a key role in finance, despite the fact that market conditions may not be the most favorable for it.

He believes that in the future, all people will be able to accept the idea of digital assets and currencies:

I can't imagine anyone who doesn't believe that in the future a digital version of the dollar for institutional and corporate use will not appear and be much more efficient.

Bob said that cryptocurrency technologies have a good technical component in order to become a more advanced payment method in everyday life. Particular attention should be paid to stablecoins, which will subsequently become widespread due to the efficiency of money transfers.

Transactions, he says, can be carried out by anyone, from ordinary residents shopping in a store to large institutional organizations conducting especially large transfers.

Bob Diamond is currently on the Board of Directors of Concord Acquisition. The latter recently came close to completing a $9,000,000,000 contract to go public with Circle. Circle is known for being the one who was able to create the USDC cryptocurrency, one of the popular stablecoins.

The reason for the refusal to complete the act of merger of companies was the unfavorable conditions in the cryptocurrency market, which were noticeable in 2022 and continue in the form of a crypto winter.

Recently, Bitcoin has shown a rally and almost reached the $17,500 mark. It is likely that after the digital asset market stabilizes, the companies will again enter into negotiations and this time will come to the decision to merge and enter the stock market through a public offering.

Circle CEO Jeremy Aller commented on the situation as follows:

We are disappointed that the proposed deal did not go through, but going public remains part of Circle's core strategy to increase trust and transparency.