Published: 20 Mar 2018 › Updated: 20 Mar 2018
Distinguishing e-money from a cryptocurrency
The flow of e-money and cryptocurrencies can differ substantially. With the former, a central bank typically goes through the banks to distribute money into the markets. However, with a cryptocurrency, the central bank can distribute directly to a consumer. This has not been previously possible as banks have played the role of middlemen in transactions.
Reference: THE (R)EVOLUTION OF MONEY
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