Digitalization won’t displace commercial bank money any time soon: Moody’s By Cointelegraph

Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.

The monetary landscape is becoming fragmented, Moody’s said, but many new payment solutions support the use of commercial bank money. For example, “We believe that digital wallets […] will support the dominance of commercial bank money as long as bank accounts remain their primary source of digital currencies.”