Digitalization, as a core development in the modern socioeconomic and political interactions, has called for sectoral digital transformations. In line with this, the digital economic system is evolving and so are currency and payment systems. Financial innovations through a development of new financial services and products to date have helped in reducing the costs of deposits and increasing the return from lending. Some of such developments have been discussed in Chapters 1 and 2 of this book.
This chapter starts with a discussion on the ongoing arguments ...
