It’s been over 100 years since the paper money was created, with cash dating back to the 19th century. Technology has given rise to the internet and mobile payments, and the global financial system is ripe for a modern version of money. Digital assets have caused a paradigm shift in the global economy. No longer is cash king, though it is arguably still needed. Cryptocurrencies such as bitcoin, however, have reshaped the financial landscape. Bitcoin is not the only cryptocurrency but it is the biggest — with a market capitalization of USD 291 billion — and was the first on the scene nearly 12 years ago. Continue reading Central Bank Digital Currencies Poised to Disrupt the Global Financial System
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