Tag: deflationary

Technology itself is deflationary, Diginex CEO says

Over the years, technology has improved by leaps and bounds, therefore making life more cost-effective and efficient. Such technological improvements, however, may not save citizens money as intended, due to inflationary efforts, according to Diginex CEO Richard Byworth.

“Technology is just so deflationary on many of our goods and services,” Byworth told Cointelegraph in an interview. Diginex stands as a company helping produce framework for blockchain and crypto solutions.¬†

Byworth remembers buying music albums on CDs decades ago, which sold for 16 pounds each, valued at approximately $25 in U.S. dollar terms at the time. Fast-forward to present day. Customers

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