Digital money revolutionizing global economy, transforming banking and monetary policies.
The digital revolution is changing how money and banking work. Using electronic money (e-money) can affect things like monetary policy and financial stability. Countries with more connected banks and citizens tend to be more prosperous. E-money could replace traditional currency, but its impact might not be huge. Developed countries have been using e-money for over 20 years, but its use is still low, possibly due to economic and technological factors.