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Digital Currency

Digital Currency Doesn't Mean We're Dropping Cash

There's interesting news out of Ecuador. The government is planning to release a new digital currency, possibly as soon as late this year. Unlike Bitcoin and other existing digital currencies, this new version will be the first digital currency released by a national central bank as an official state currency.

Does this step indicate a "giant leap forward" for an all-digital monetary system, moving us even closer to a completely cashless society? While a total lack of cash may be somewhere in the future, we're not there yet. Not even close.

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