Digitization is shaping the way forward for cash, however conventional central financial institution cash held in business banks will stay dominant, Moody’s predicts in a brand new report. Principally, belief trumps effectivity stated after exploring a variety of rising or potential types of cash.
Based on Moody’s, the financial panorama is turning into fragmented, however many new cost options assist the usage of business financial institution cash. For instance, “We consider that digital wallets (…) will assist the dominance of business financial institution cash so long as financial institution accounts stay the primary supply of digital currencies.”
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