This new form of currency could transform the way we see money

Apr 6, 2019

A money changer counts banknotes in Monrovia, Liberia September 21, 2018. REUTERS/Derick Snyder - RC1FF5321930

Emerging economies may have the most to gain by introducing Central Bank Digital Currency. Image: REUTERS/Derick Snyder

Ashley Lannquist

Project Lead, Blockchain and Distributed Ledger Technology, World Economic Forum

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The two subjects circled in purple represent retail and wholesale CBDC, while the two subjects circled in green represent privately issued cryptocurrency such as bitcoin and ether, in either a publicly accessible “permissionless” form or a privatized “permissioned” form Image: Adapted from M Bech and R Garratt, “Central bank cryptocurrencies”, BIS Quarterly Review

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