Digital Finance Is The Future: It Is Global And It Is Advancing Rapidly

Nov. 30, 2021 12:54 AM ET10 Comments
John M. Mason profile picture
John M. Mason


  • Binance, the world's largest cryptocurrency exchange, is really trying to secure its position in the world as it moves to get several sovereign wealth funds to invest in it.
  • Binance wants to gain approval of banking regulators so as to be able to operate in a world that is dominated by central banks.
  • Binance is showing that this rapid development is exposing the fact that the United States has fallen behind in its efforts to "keep up" with how finance is developing.
  • Investors must keep up with these developments, not only for their own investment purposes but also to be up-to-date with how they manage their financial affairs.
Abstract graphic world map illustration on blue background, big data and networking concept. 3D Rendering

Igor Kutyaev/iStock via Getty Images

There are two basic understandings I work with relating to the new world of banking and finance.

First, banking and finance are all about information. As the technologies associated with information growth and spread develop, the nature of money changes to build on

This article was written by

John M. Mason profile picture
John M. Mason writes on current monetary and financial events. He is the founder and CEO of New Finance, LLC. Dr. Mason has been President and CEO of two publicly traded financial institutions and the executive vice president and CFO of a third. He has also served as a special assistant to the secretary of the Department of Housing and Urban Development in Washington, D. C. and as a senior economist within the Federal Reserve System. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania and was a professor at Penn State University and taught in both the Management Division and the Engineering Division. Dr. Mason has served on the boards of venture capital funds and other private equity funds. He has worked with young entrepreneurs, especially within the urban environment, starting or running companies primarily connected with Information Technology.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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