Digital currencies: The evolution of money is transforming traditional economic frameworks

By: Trademagazin editor Date: 2021. 03. 31. 11:20

Sweden could become cashless by 2023, and China could introduce the world’s first digital central bank money as early as the 2022 Winter Olympics.

Nearly 50 percent of euro area adults already prefer digital payments, due in part to the coronavirus pandemic and the rise in e-commerce. Digital currencies are a huge step in the evolution of money and will lead to a revolutionary transformation in the world economy in the coming years, according to an analysis by Krocsek Attila, an expert at the Hungarian-owned fintech company BlockBen.