IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

Bitcoin ""puts a question mark on the fractional banking model we know today."

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.

by Jeffrey A. Tucker

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency