The Digital Currency Revolution Is Upon Us. Only the Global Economy Is at Stake

Subscriber Content
Screenshot of the first page of The Digital Currency Revolution Is Upon Us. Only the Global Economy Is at Stake
By
VISION by Protiviti
Assessing the Global Economic Impact of the Digital Currency Revolution

Digital money can vastly increase efficiency through greater speed and reductions in transaction costs, and since it’s not issued by the government but rather ruled by an algorithm, it may be more inclusive and less affected by political considerations. Governments are eager to position themselves for the next stage of the digital revolution in financial services by issuing central bank digital currencies. The stakes are especially high in the case of global currencies, such as the dollar, the euro and pound sterling, which do not want to lose status to other fiat currencies, such as the renminbi.

Free Trial

Sign up for a free, no-obligation trial to start exploring our timesaving, valuable resources.