5 Questions
What potential benefits does digital money offer to emerging market and lower-income economies?
Digital money offers the potential for broad and inexpensive access to financial services, facilitating trade and market integration, and opening the door to financial services for 1.7 billion people without traditional bank accounts.
What are some of the risks associated with the transition to digital money?
The risks associated with the transition to digital money include exclusion of those on the other side of the digital divide, fragmentation, currency substitution, and loss of policy effectiveness.
How might digital money impact the financial sector?
Digital money has the potential to transform the financial sector by providing broad and inexpensive access to financial services, facilitating trade and market integration, and opening the door to financial services for 1.7 billion people without traditional bank accounts.
What role do emerging markets play in the transition to digital money?
Emerging markets lead the way in the transition to digital money, potentially benefiting the most from the dramatic shift.
How might digital money change the way people send money to relatives in other countries?
In the near future, digital money could allow for cheaper and more efficient money transfers to relatives in other countries, potentially through digital wallets.
Explore the potential benefits of digital money for emerging markets and lower-income economies, and the importance of effective management and regulation during the transition. Discover how digital forms of money have the power to revolutionize the financial sector.
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