Definition ∞ Digital money transition describes the global shift from physical cash and traditional electronic payments to digital currencies. This involves the increasing adoption of cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs) for everyday transactions, commerce, and financial services. It represents a fundamental change in how value is stored, exchanged, and settled, offering potential benefits such as increased efficiency, lower costs, and greater financial inclusion. This progression reshapes economic landscapes and payment infrastructures worldwide.
Context ∞ The digital money transition is a prominent subject in global economic discussions, with central banks and governments actively exploring the implications of issuing their own digital currencies. Key considerations include privacy concerns, financial stability, and the potential impact on existing monetary policy frameworks. The future will likely see continued experimentation and gradual implementation of various forms of digital money, influencing international trade and finance.
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