When it comes to assessing the mood of ultra-high-net-worth families, though, this is far from the whole story.
“Our ultimate goal is to get a wallet on every phone in Bermuda,” Denis Pitcher, chief fintech advisor to the Premier of Bermuda, told CoinDesk.
Many customers who previously avoided e-payment services are being converted following the Covid-19 induced lockdown. Michael Nwadike reports from Lagos Festus Charles, a 45-year old factory worker based in Lagos, used to have nothing but disdain for e-b
Perhaps this reflects the more sobering realities of the severe impacts the economic shutdown has had on global output and employment, and expected levels of bad debt and credit losses likely to accrue to existing bank balance sheets.