To The Moon

With the emergence of the use of digital currency, there have been many companies and individuals who are coming up with different types of digital currencies and exchanges, like $Coinbase Global, Inc.(COIN)$  . These past few years have been a testament to that, with the period of COVID-19 reinforcing it.

With this emergent technology, comes a lot of experimenting and pitfalls. Many have lost billions and "institutions" have collapsed, namely Celsius, Lunacoins and more recently FTX. No matter how large the institution it seems, or what reputable companies have invested in them, there is no certain indicator that these exchanges won't fail.

This is why I am glad that Singapore is moving ahead to test a stable digital currency. While it will help make finance management easier, the most important thing is that it is more likely that it won't collapse. That being said, chances are never zero.

The Monetary Authority of Singapore (MAS) is testing out a digital version of national currency.

To keep up with currencies and technological demands globally, it is inevitable that Singapore should start looking into such means as digital payments look likely to be the future.

Once approved, MAS will be able to parter with fintech firms looking to partner MAS to offer more secure financial services.

With security and thus stability, this will definitely benefit retail investors looking for a "stable" currency to invest in as it is more unlikely to collapse.

@TigerStars  @CaptainTiger  @MillionaireTiger