The Future of Money

Rapidly maturing blockchain technology, the growing need for a trusted digital fiat currency in increasingly cashless societies, and the need for a programmable currency to unlock payment efficiencies in the digital economy are requiring central banks across the world to seriously consider Central Banks Digital Currencies (CBDC). Since 2009, Bitcoin has been demonstrating the feasibility of continued transfer of value across a public, permissionless blockchain. Stablecoins are building bridges between the crypto-world and our traditional monetary system. Ultimately, however, central banks will be forced to establish general purpose, tokenized CBDC as an alternative payment system if they want to ensure safe access for everyone to central bank funds in the digital age.