The Promise and Peril of Digital Currency in a Global Economy

It may have become a cliché, but in this case familiarity ought not breed contempt. Digitization is indeed reshaping society - and matters financial are no exception. So far, the private sector is driving the change: specialized payment providers in China (Alipay, WeChat), Kenya ( M-Pesa) and India (PayTM) each offer e-money in specific geographic regions.