Article: Why the cash of the future will be digital and decentralized

Money, Open Governance

Why the cash of the future will be digital and decentralized

When South Africa’s biggest banks released their year-end financial results last month, it became clear that Covid-19 has sped up the move to digital. Each bank saw an increase in digitally active clients and more transactions were done via online banking.

But online banking as we know it is only a small step towards the future of finance, experts say. And for financial institutions, Covid-19 has made this future — in which technology used by cryptocurrencies makes banking faster and central banks dole out digital money — seem even more imminent.

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Article: UN Working Paper on Blockchain Empowerment of Global Communities

Money, Open Governance

UN Working Paper on Blockchain Empowerment of Global Communities

More and more high profile financial and political institutions are taking notice of the blockchain technology of distributed ledgers, starting internal investigations and issuing position papers.

In January, Bitcoin Magazinereported that the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial Considerations” at the World Economic Forum in Davos. Similar papers have been issued by other mainstream institutions.

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