Central banks urged to use blockchain for digital cash

“We need to move forward and create a digital dollar,” consultant and author Don Tapscott told CyberScoop. He briefed the IMF at their annual gathering, telling them “When you can have digital cash, all kinds of wonderful things follow for the economy.”

He cited a Bank of England study that suggested eliminating just 30 percent of the friction in the payments system would boost the GDP by three percent.

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(Image via DonkeyHotey / Flickr)