Digital currency: What it means for financial inclusion and private banking
By Staff Reporter | Published Oct 6, 2023
The world’s central banks understand that the future of money is digital. As payments shift online, the use of cash declines and the fortunes of crypto assets rise and fall, central bankers realise that their ability to command the use of money in their economies could weaken and that the financial exclusion of un- and underbanked citizens could be cemented.