The next shape of money: From banknotes to blockchain-based digital currency

Central banks are considering issuing their own digital currency, using distributed ledger technology. Is this a good move? How is this different from bitcoin and other cryptocurrencies issued by private institutions?

I would contend that within a decade, many of us will routinely deal in digital currencies, given the strength and intensity of the economic forces unleashed by digital technologies.

Money, a medium of exchange, was a necessity-driven human invention long before the advent of written history. Imagine how inconvenient it would have been if you still had to barter for my horse with your grains.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.