IMF Report: Virtual Currencies and Beyond
VCs and their associated technologies (notably distributed ledgers based on blockchains) are rapidly evolving, and the future landscape is difficult to predict. VCs offer many potential benefits, including greater speed and efficiency in making payments and transfers—particularly across borders––and ultimately promoting financial inclusion. The distributed ledger technology underlying some VC schemes—an innovative de centralized means of keeping track of transactions in a large network––offers potential benefits that go far beyond VCs themselves.
Prepared by an IMF Staff Team
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