"Digital money" is our future, according to some. It's not in any way material, like a coin or paper currency, so you won't keep it in your wallet. It's "any means of payment that exists in a purely electronic form." Only online systems keep track of it.
It's said that the move to digital currency is really going to happen, and it will be "disruptive." Eventually cash (material, tangible money) will not be accepted. "[T]he transformation of money will fundamentally rewrite how ordinary people live."
In America, the Federal Reserve board is studying the question of why we should disrupt our financial system which works fine for us: "whether and how a CBDC [central banking digital currency] could improve on an already safe and efficient . . system."
But World Economic Forum (WEF) is working to make it a global reality. This author and professor wants it:
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