At the same time, the headwinds of change have also served as a catalyst for new forms of money to come to the fore – the number of cryptocurrencies tracked by CoinMarketCap reached the 22,000 mark in early December. The World Economic Forum also estimates that the tokenised assets market could potentially be worth as much as $24 trillion by 2027.
The frameworks for how global payments are executed are also being informed by the evolution of money and consumers’ shifting expectations. The G20 roadmap for enhancing cross-border payments prioritises collective action to make international payments faster, more transparent, and more accessible, at a lower cost.
