IMF head foresees end of banking and rise of cryptocurrency

Signal of change / IMF head foresees end of banking and rise of cryptocurrency

By Kathy Peach / 24 Oct 2017

IMF predicts the end of banking - what does this mean for the urban gig economy?

 

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency | Jeffrey A. Tucker

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.



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What might the implications of this be? What related signals of change have you seen?

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