The International Monetary Fund (IMF) issued a document stating that digital assets can be a more effective alternative to traditional financial products.
The IMF blog reports that some cryptocurrencies and central bank digital currencies (CBDCs) may be more efficient payment solutions than credit and debit cards.
Additionally, the IMF reported that some central banks are considering offering CDBCs on physical cards, which would aid mass adoption.
According to the group, energy consumption is critical in determining the future of money, especially for payment systems that use distributed registry technology.
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