The money of tomorrow? (cepInput)

Santeri Viinamäki, CC BY-SA 4.0

Cryptocurrencies, stablecoins and central bank digital currencies. What will the money of the future look like? A cepInput provides information about what money is, what it looks like today and what it might look like in the future.


Traditional forms of money - cash, bank deposits and central bank reserves from private banks - still dominate our monetary system. However, new forms such as the cryptocurrency Bitcoin are gaining in importance. Facebook is planning with Libra to create a stablecoin, i.e. a cryptocurrency that is as stable as possible. Alarmed by these developments, central banks around the world are thinking about creating their own digital currencies.

The cepInput compares the traditional forms of money with the new private and public forms and examines whether the new forms of money are able to fulfil the core functions of money - unit of account, medium of exchange and store of value - to the same extent as traditional money.