I have been a member of the Executive Board of the Deutsche Bundesbank since September 2018, and have responsibility for payments, amongst other things. My speech is entitled “Curtain up for the future of payments: from bigtechs and fintechs to smartphones and stablecoins”.
From the moment human beings began to engage in organized economic activity of some sort, there was a prevailing sense of awareness of the need to transfer risks that could not be borne by an individual economic entity to other economic entities and to diversify them.