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BOE's Bailey, Western Union CEO Part of Davos Panel on Digital Currencies

The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic.

Bank of England Chief Andrew Bailey
Bank of England Chief Andrew Bailey

Bank of England Governor Andrew Bailey and Western Union CEO Hikmet Ersek will be part of a World Economic Forum (WEF) panel discussion entitled “Resetting Digital Currencies” set for Jan. 25, the first day of the virtual Davos summit.

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  • The session will focus on the diminishing role of cash and the emergence of central bank digital currencies (CBDCs), moves accelerated by the pandemic.
  • The other panelists are Sheila Warren, head of Blockchain and Data Policy at the WEF; BTC Africa S.A. CEO Elizabeth Rossiello; and North Island Ventures CEO Glenn H. Hutchins.
  • On Thursday, a second "Resetting Digital Currencies" panel discussion will be held. That one will feature Michael Casey, chief content officer for CoinDesk (this news organization); Tharman Shanmugaratnam, senior minister, Government of Singapore; Sara Pantuliano, chief executive, Overseas Development Institute; and Zhu Min, National Institute of Financial Research.

Read more: Notes From the WEF: Cash Is Dead, Long Live Digital Cash

Kevin Reynolds

Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.

Kevin Reynolds