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The European Central Bank (ECB) is also exploring the possibility of introducing a digital euro, with Europes CBDC expected to launch from 2028. In October 2020, HSBC launched theContour platform, which uses blockchain to digitize trade finance and reduce friction in international trade transactions.
This allows banks to enhance their service operations by offering hyper-personalized recommendations based on each customer’s specific circumstances, creating customized financial plans, and providing tailored financial advice and product suggestions. Operational Efficiency Gen AI will boost the productivity of operational staff.
If, by contrast, Tesla’s target was merely a $100 billion market capitalization — frankly, a great target for most companies, as it projects a 7% return annually for the next 10 years — then investors might quickly lose their appetite to continue financing the company. They signed up for transformation, not steady returns.
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