The dominant use cases at the moment have primarily been in countries with poor financial systems that have hyperinflation such as Argentina and so forth. The fact that all these other systems, UPI and India or Ali-Pane China, the card networks in the West are constantly improving their technology means the benefits to using crypto or going down. So I think the dollar probably is safe for the short term. There are a lot of reasons why people use the dollar independent of digital payments,. You need what's called an open capital account for your currency to be dominant.
The global digital-payments shift is more than just a matter of convenience. We examine the cashlessness push in different economies and potential effects on different currencies. The Golden Mile, a pioneering multi-purpose architectural experiment in Singapore, is crumbling. We discuss efforts to spare it from the wrecking ball. And a reading list to learn about, and from, history’s greatest hoaxes.
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