6 min read.Updated: 25 Oct 2021, 07:13 AM ISTBloomberg
It might not replace fiat currencies — but, correctly supervised, it could make them a lot more useful.
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Cryptocurrency has so far failed to sweep away government-issued money, or to bring about the broader revolution that its most ardent enthusiasts envision. But what if the underlying technology could be harnessed to transform traditional fiat currencies — for example, by making them much easier and cheaper for more people around the world to use?