Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company.
Despite being the world’s second largest economy, the Chinese yuan is painfully far behind in its share of global transactions — a digital yuan is unlikely to change that.
With the steady rise in cryptocurrency values in 2019, 2020 was a promising year for institutional interest in the nascent digital asset class.
Whilst it would be tempting to presume that a digital, frictionless state-issued cryptocurrency has the potential to unseat the dollar, a global currency requires much more than ease of use.
With China’s central bank expected to be issuing its very own digital currency this year, other central banks are wondering whether or not to follow suit, which begs the greater question if any of these would ever displace the dollar’s dominance?
One of the world’s most controversial cryptocurrencies has also become 2020’s best performer in dollar terms — what happened?
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