Bitcoin and other cryptocurrencies paved the way for decentralized money, recently followed by Libra. However, central banks could now enter the stage and provide the most competitive currency option.
Are we heading towards «the end of money» as we’ve known it? The question was raised at a recent conference at Freiburg University by Professor Paul Dembinsky. The answer experts gave was no, not really: central banks, whose old cash money is being marginalized, are actually aiming to strike back, and implement digital cash, with legal tender status.