Central Banks Will Issue Digital Currencies

4 min read

Money continues to evolve in this new world of meme stocks and NFTs. Money is no longer just physical coins and paper bills, like old times, rather a large percentage of money is now digital [1]. In fact, according to a US federal reserve, more than 80% of US dollars are already digital. What does this mean for the average person? It means that there is a good chance that the majority of your cash is not physical, instead your money sits in your bank account, brokerage account, or in some other digital form. There have been recent discussions that…...

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Mike Hassaballa Mike earned a master’s degree in applied science in 2013, then he launched his career in the data centre industry. In 2015, he shifted gears and took on a Lead Engineer role in a company developing emission reductions technology. He then moved in 2018 into energy consulting. Mike focuses on most critical issues and opportunities in business: strategy, operations, technology, transformation, advanced analytics, and sustainability. Mike writes fascinating stories meant to be read by anyone. He excels in simplifying complex subjects and bringing a fresh new perspective to pressing issues.