(FILES) In this file photo taken on May 10, 2012 shows an iPhone displaying the Facebook app’s screen in Washington, DC.
Photo by AFP
A global digital currency would make sending money across the world as easy as texting. It would do away with fees, delays and other barriers to the flow of cash. It might give those in less developed countries access to the financial system and a means to protect hard-earned wages against runaway inflation. It could trigger a wave of innovation in finance, much as the internet did in online services.
