Fiat Money Might Disappear By 2030
Deutsche Bank strategist Jim Reid is convinced: problems in the centralized financial systems are driving the demand for digital currencies and anonymity. This might encourage a huge number of people to use cryptocurrencies.
“The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s. If so, that will start to lead to a backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar”, says Reid.
The expert echoes our take on the issue: digitalization is inevitable, and the AMEPAY project is at the forefront of the new global economy as we keep building the new decentralized economic system.
During the five centuries of banking, there has been nothing exceptionally new, and cryptocurrencies happen to be the thing that will change the monetary system of the entire world.
Even now people don’t need banks as middlemen between them and the state. Everyone can pay anyone, directly, from anywhere in the world. This is only the beginning of the digital era.