The Era of Digital Money - IMF F&D

Digital forms of money could provide broad and inexpensive access to financial services, facilitate trade and market integration, and open the door to financial services for 1.7 billion people without traditional bank accounts.

The transition to digital money could exclude those on the other side of the digital divide, lead to fragmentation, currency substitution, and loss of policy effectiveness if not well managed, coordinated, and regulated.

Digital money has the potential to transform the financial sector by providing broader access to financial services and facilitating trade and market integration.

<p>Emerging markets and lower-income countries stand to gain the most from the shift to digital money.</p> Signup and view all the answers

<p>An employer depositing a worker's paycheck in a digital wallet, allowing the worker to send money more cheaply and efficiently to relatives in other countries.</p> Signup and view all the answers