Blockchain will power ‘the back office of the world’ in five to 10 years, says DBS CEO Piyush Gupta
ฝัง
- เผยแพร่เมื่อ 31 พ.ค. 2024
- DBS Bank CEO Piyush Gupta cuts through the crypto-blockchain mumbo jumbo, and explains why he bought Bitcoins, which could provide a store of value like gold. READ MORE: str.sg/wEco
SUBSCRIBE ➤ bit.ly/FollowST
Turn on notifications 🔔 to stay updated
--------------------
WEBSITE ➤ www.straitstimes.com
FACEBOOK ➤ / thestraitstimes
TIKTOK ➤ / straitstimes
INSTAGRAM ➤ / straits_times
TWITTER ➤ / straits_times
TELEGRAM ➤ t.me/TheStraitsTimes
PODCASTS ➤ str.sg/stpodcasts
Very good perspective especially his last statement
It’s all abt marketing and winning money from normal ppl in order to sustain the high flyers GCB lifestyles
I guess ure part of the normal ppl
This means Bank and nation will be obsoluted in 5-10 years, reputational crisis and lack of trust is another factor expidiate movement into independent block chain platform
I remembered there was a DBS building just opposite the Citibank at Shenton Way back in 1995, still ?
this CEO explained it really well. it is alway a lot harder to explain to someone the concept unless you know it clearly. DEFI, Metaverse, Play2earn, move2earn, even MEME coin have huge potential. it is all about hype and sentiment to identify high potential projects.
00:42 What has been the most profound change to banking that you have seen in the 40 years that you've been in the industry?
01:32 What is your proudest achievement in your time as CEO of DBS bank?
02:01 What is the one thing that people often get wrong about blockchain technologies, decentralized finance and cryptocurrencies?
05:58 It looks like a central bank involvement regulation is necessary for the technology to reach its fullest potential?
06:40 Have you personally, or DBS invested in cryptocurrency?
07:17 What changes are needed for Singapore to produce a local-born Piyush Gupta
Listen through all his answers. End up being unconvincing at best & for some questions, he's being diplomatic to his paymasters.
The world is fragmenting into a few camps. We will be having 2-3 trade settlement & global currency mechanism. The world may be divided between the Western economies & an enlarged version of the BRICS economy. It won't be a seamless singular system like what Cryptocurrencies & blockchain technologies are proposing. To understand this one must understand macro economic theory as well as finance - money, trade & investments.
Money is the lubricant - it must be fungible ie. they must have convertibility, acceptability & exchangibility. Ask yourself how Cryptocurrencies are going to fulfill these aspects to replace traditional currencies issued by Central Banks.
Bear in mind the Russian sanctions, the SWIFT ban & the confiscation of Russian oligarchs personal wealth coincided with the subsequent rapid decline in cryptocurrency values which then lead to defaults & collapse in the Cryptosphere.
Not saying that there is a definitive cause-&-effect relationship but whole thing would leave any hardcore investor feeing somewhat unconvinced. One thing to believe in state-sponsored opinion leaders (they have the means) & to follow self-interest cryptocurrency "gurus"; another thing is believing in your own innate intuition, holding on to your own money & not be conned out of it. At the end, one must constantly self educate, experiment but not jump into new schemes. Otherwise, a fool & his money will soon be parted.
A very capable DBS CEO who earns at least 5 times the salary of the PM.
Yep DBS is definitely the best local bank. My previous company & current company switched to DBS -other local banks have tedious processes and not tech focused.
SG needs good leadership... with visions
Very cool
The only bank CEO who understands crypto, based on what he said in this interview, a far cry from the big American bank CEOs, who are still struggling to even understand Bitcoin.
LMAO, bitcoin is shtt
The only thing i understand about bitcoin is that it is for fools, and you are one of them
Maybe 5 to 10 year, no need paid so expensive to hire ceo, cfo and mgt..it is machine run.. Haha.. 20 years ago, if u hv eye to observe, ceo n cfo of local or foreign all white and paid very well with so much benefits.. House la, car la, plane la and big wage package.. But 20 years later, all the white gone.. Now is a chocolate....next 20 years.. No colour.. Machine run.. 😂 😂
Blockchain is true democracy
How many have declared bankruptcy after recent crash of cryptocurrency investments.....
millions of people worldwide probably
Buy the dip!!!!!
I’m all into crypto! Screw stocks! Stocks, bonds cash are trash!
What he's saying is true, but it's not going to use bitcoin...its too slow.
I'm sure he's holding another coin that's already being used by banks to overcome nostro vostro.😉🤫
No more crypto?
Can i get a loan from dbs bank in uae
Bitcoin not backed by gold ??
Backed by electricity
How much is your salary?
"Rough and Tumble" Well said, Piyushji.
What that means is experientially learnt life and leadership skills. National service is one experience that puts young mostly male singaporean adults thru 'some' degree of rough and tumble, that i believe folks like Piyushji and this writer and billions of other fellow humans have experienced.
One idea: During the academic years students may be required to spend a *mandatory* period of time in a 3rd world country and attempt to get projects designed and completed 'insitu'.
Whether or not there is evidence to show that such exposure is what will get Singapore the next gen of true well-balanced leaders could be the subject of a PhD thesis for any interested candidate. And unlike some studies, this would have directly applicable value. The late great Lee Kuan Yew is a marquee example of that school of leadership. I've heard Chan Chun Sing encourage Singaporeans to take up job overseas, like he did and how it molded his leadership.
So..?
See a lot of ceca comments coming from the "I am entitled" mindset...😂😂😂😂
Rather use china digital yuan as the peg same to blockchain then using bitcoin that amount is so limited in supply .
Another new citizen who did not serve National Service taking up top job. Why r Singaporeans serving National Service to let foreigners hold good jobs that suppose to be for Singaporeans?
Cause u are useless loser
Few hundred thousand men served national service. So who among these men take top job ? The generals of course, then people 🐮 father 🐮 mother again.
Almost no Singaporean is good enough to do what he has done
He is already citizen and you are calling him foreigner. If you have guts then inform any company to recruit only true blue citizen or you can also ask ur government to implement this rule. Don't be a cry baby that is the main reason Singaporean are losing to CECA in getting top jobs because of this attitude. If you have this racist mindset you will never succeed always jealous of others success.
@@ramganesh4254
Nobody is a crybaby. You're being very offensive to S'poreans. From your handle, you're an CECA Indian. If I put the CECA shoe on the other foot, would you talk the same? Be grateful that S'pore & their people are civilised. During the India-Pakistan Partition period, many people got massacred for their religion & for being in the wrong place. For a person coming from an uncivilized place, you have quite a f**l mouth!
Be respectful for the forgiving local culture & it's civilized people. Don't be an assh**e & push your luck too far!