The digital currencies that matter
Get ready for Fedcoin and the e-euro. "A decade or so ago, amid the wreckage of Lehman Brothers, Paul Volcker, a former head of the Federal Reserve, grumbled that banking’s last useful innovation was the ATM. Since the crisis, the industry has raised its game. Banks have modernised their creaking it systems. Entrepreneurs have built an experimental world of 'decentralised finance', of which bitcoin is the most famous part and which contains a riot of tokens, databases and conduits that interact to varying degrees with traditional finance. Meanwhile, financial 'platform' firms now have over 3bn customers who use e-wallets and payments apps."
From The Economist