Will digital cash be king? The move towards a cashless society

Exploring digital wallets and currency

Late last summer, Mark Carney called for the global monetary system to replace the US dollar as the reserve currency with a digital alternative.

Mr Carney raised the notion after saying the US dollar had become too dominant. This was a 'pretty wow moment' - a G7 central banker openly suggesting a competing rival currency to the dollar.  The suggestion would see a digital currency compete with the dollar's domineering influence, as well as having other far-reaching consequences on global politics and commerce. I'm sure such a comment by such a prominent character wasn't just an off the cuff remark.  At the time, we suspected we would see the rhetoric over the use of cryptocurrencies rise as interest rates continued to head t...