Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.
Despite the growing interest in bitcoin and other cryptocurrencies, central banks do not want to fall behind in the financial innovation race. Over 80% are actually considering ways to introduce digital versions of their own currencies. Joumanna Bercetche of CNBC examines the reasons why these circumspect institutions might soon usher in a revolution in the way we think about money.