Cornell University Professor: Mix Of Cryptocurrencies, CBDCs And Stables Will Lead To The End Of Cash

On November 29, Eswar Prasad, an expert at Cornell University and former director of the International Monetary Fund in China, said a combination of cryptocurrencies, CBDCs, stablecoins and other digital payment options would end to the cash payment system. The era of cash is over and the era of central bank cash has begun. For many consumers and businesses who have made the switch to digital payments, there is no turning back. However, it is believed that no single technology can change cash management, and these changes will depend on the combination of multiple technologies. (Currency of the Central Bank)