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Private Vs. State-run digital currencies: which could replace the dollar?

Published 10/19/2020, 03:00 PM
Updated 10/20/2020, 03:00 PM
Private Vs. State-run digital currencies: which could replace the dollar?

According to David Birch, fintech guru and author of “The Currency Cold War”, if the U.S. doesn’t ramp up its efforts in the digital currency race, the global dominance of the dollar might soon be under threat.

Such a scenario could find central banks around the world (as well as private companies) launching their own digital currencies — Some of which could potentially challenge the dollar in cross border payments and global trade.

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