When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Future

Bitcoin Cometh: Why Digital Money Is Bound To Take Over

Though physical money will still be around for a while, the spread of digital money is inevitable for four basic reasons: efficiency, hygiene, durability - and anonymity.

Physical representation of the Bitcoin digital currency
Physical representation of the Bitcoin digital currency
Fernando Chávez*

MEXICO CITY — The history of currency has entered a surprising and mysterious phase, with the arrival of digital money, presented like some novelty feature in a sci-fi film. The media has amplified this fascinating leg of financial history as their noisy vocation requires, mixing fact and fiction while reporting on Bitcoin, that has become the digital money most in demand in the world (there are others).

But beyond the hyperbole, this is a development that may soon become a major issue for central banks, precisely because it is bound to weaken their positions as exclusive emitters of money.

Keep reading... Show less
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
Mariateresa Fichele

"Dottoré, I know you’re going to say I’m superstitious and strange, you always give rational answers ... but I have to ask you a question: Is it true that ever since our stadium was renamed after Maradona, Napoli doesn't win at home anymore?"

"So?"

"Could it be that Saint Paul, to whom the stadium was initially dedicated, got offended and is making us lose now?"

Keep reading... Show less

When the world gets closer, we help you see farther

Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS

Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

Watch Video Show less
MOST READ