What's The Future of Money?
The Stacking Benjamins Show
00:00
The Trust in the Underlying Fiat Currency
The declining use of cash in countries like china and sweden, was what has caused the central banks to sort of react by saying, hey, we don't want our money to become irrelevant. So that's where we're going. The other interesting is that when you think about the sort of crypto currency that facebook plans to issue, that will be a new payment technology,. But there the trust comes from the fact that facebook says that any time it issues a unit of its crypto currency called the deum, it'll be backed up by a unit of the us. Dollar.
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