The future of digital finance rests on public money, not private
Central banks will be necessary to maintain trust and ensure interoperability
IN 2008, an obscure Internet manifesto introduced a new vision of money that promised to make central banks obsolete.
The tech-futurist ambitions of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, captured the public imagination, and sparked the wild booms and busts of unbacked crypto assets.
More recently, the focus has been shifting towards the use of crypto’s underlying technologies – tokenisation and distributed ledgers – in mainstream finance.
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