The world will switch to digital money, but will it be a private cryptocurrency?

The world will switch to digital money, but will it be a private cryptocurrency?

The idea that much of today’s money usage will shift to digital tokens is neither trendy nor extravagant, as long as you don’t start equating the future of money with Bitcoin. .

Sure, governments will borrow some pieces of the distributed ledger technology behind private cryptocurrencies, but they’ll really want to retain control over what flows as money through their economies. Some will succeed.

Don’t be surprised if at the end of the current decade your smartphone wallet looks like a multi-currency account. But instead of dealing with commercial banks, you can be a customer of central banks….

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