http://www.economist.com/news/finance-and-economics/21576149-even-if-it-crashes-bitcoin-may-make-dent-financial-world-mining-digital
This article talks about Bitcoin and how its affecting the financial world. Bitcoin is a website with digital currency and at first, one unit of Bitcoin costed around $15. Now, it had settled at $179, taking the value of all Bitcoins in circulation to $2 billion. What makes Bitcoin different is that, unlike other online currencies, it is neither created nor administered by a single authority such as a central bank. Instead, “monetary policy” is determined by clever algorithms. People say the website will soon be shut down it will surely leave a lasting legacy.
Digital currency in the future might be a good direction to head to because of its convenience. I think in the future, digital monetary might even replace the real monetary.
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