The future of money

In only a couple of years or so, central banks worldwide will start issuing digital currencies that we will carry in digital wallets on our mobile phones. Tangible paper and metal currencies will disappear.

But whatever shape and form money comes in, it still needs to serve as a unit of account, a store of value, and a medium of exchange. If it loses any of these functions, people will lose their faith in it and look for an alternative.

Read the full article on AhramOnline here

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