4 ms·
It is worth noting that the article describes how private sector decisions are crowding out cash, how the government (specifically the central bank) is concerne
by FabHK 8y ago
It is worth noting that the article describes how private sector decisions are crowding out cash, how the government (specifically the central bank) is concerned about this, and considering to deliver a solution (namely digital cash issued by the central bank).
- incompatible 8y agoThe system is still based on central bank currency in the background. What is being lost is direct consumer access to central bank currency: they must rely on private-sector intermediaries.