☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

The weaknesses of a digital economy

November 11, 2022
GZERO Staff
No Silver Bullet on Closing the Digital Access Gap | Economic Empowerment | GZERO Media

youtu.be

Is there any downside to going cashless?

Not really, but there are challenges, Usman Ahmed, head of Global Public Affairs and Strategic Research at PayPal, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

On the one hand, digitizing payment allows the creation of other financial services around it — mainly access to finance for the unbanked. On the other, there are privacy and security concerns, although these also exist with cash.

Overall, though, Ahmed believes that going digital is something that nobody will solve on their own. Governments and the private sector need to work together, and digital access is useless without digital literacy.

More from GZERO Media

Everything you need to know about Team Trump 2.0

Susie Wiles has been named Trump’s White House chief of staff. A longtime Republican strategist and Florida political operative, Wiles will be the first woman to hold the position.

Luisa Vieira

Susie Wiles has been named Trump’s White House chief of staff. A longtime Republican strategist and Florida political operative, Wiles will be the first woman to hold the position.

Associate Director, Business Operations

We are seeking a dedicated and organized Business Operations lead to join the GZERO Media team. This position is integral to maintaining the efficiency and effectiveness of our operations, working at the nexus of GZERO Media and Eurasia Group's broader initiatives. The ideal candidate will be a systems person, very organized and structured, a strong communicator and collaborator, and adept at managing multiple priorities.

Russia fires on Kyiv

Firefighters work at the site where an industrial area was hit by a Russian missile strike in the Kyiv region on Nov. 13, 2024.
Press service of the State Emergency Service of Ukraine in Kyiv region/Handout via REUTERS

On Wednesday, Russia attacked Kyiv, Ukraine’s capital, with both missiles and drones for the first time in 73 days, forcing some residents to take shelter in the city’s metro stations deep underground. No one was killed, but the attack suggests Russia intends to intensify the psychological war it’s waging on Ukrainian civilians.

Germany’s political crisis, explained

Jess Frampton

While the United States was still busy counting votes, Germany’s ruling coalition led by Chancellor Olaf Scholz suddenly fell apart last Wednesday, plunging Europe’s largest economy into chaos.

What Russia and North Korea gain from defense treaty

- YouTube

youtu.be

North Korea ratified a major defense treaty with Russia. What do both sides hope to gain? Japan's PM survived a rare parliamentary vote. How will he tackle the country's sluggish economy? What do I expect to come from COP29, the new climate summit happening in Baku? Ian Bremmer shares his insights on global politics this week on World In :60.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2020 GZERO Media. All Rights Reserved | A Eurasia Group media company.