Digital currencies are quick, light, and become more and more practical. But what does the future hold for this kind of currency, and will it eventually replace the more conventional types?
And also, what part do central banks play in all of this?
Central banks and governments are responding to the explosive growth of cryptocurrencies like Bitcoin, the extraordinary success of a brand-new class of digital currencies called stablecoins, and the loss of paper money.
They prepare to begin issuing Central Bank Digital Currency, or CBDC, an electronic equivalent of notes and coins.
The last section is about the good an ideal central bank can do for its citizens. But there are those of the opinion that central banks are up to no good when they talk about CBDCs. This section represents their concerns and you might want to pay attention despite the allure of financial inclusion of the unbanked, the underbanked, the marginalized and all other groups that are excluded from the current banking system.
In this book you will learn:
1. What Is Money
2. How we got to digital curencies
3. Digital VS. Virtual Currencies
4. Differences Between Digital Currencies, Virtual Currencies, and Cryptocurrencies
5. Virtual Currencies And Blockchain Technology
6. Types of Digital Currencies
7. How Central Bank Digital Currency Will Affect Your Privacy
8. How National Digital Currencies Will Change Our Lives
9. How Digital Currency will Affect Financial Services
10. How Digital Currencies will Affect Business
11. How Digital Currencies will Affect Precious Metal Prices
12. Investing In Digital Currency
13. Advantages and Disadvantages of Digital Currencies
14. Future Of Digital Currency