Digital currency founded DigiCash, an electronic cash company, in Amsterdam to commercialize the ideas in his research. It filed for bankruptcy in 1998. In 1999, Chaum left the company. In 1997, Coca-Cola offered buying from vending machines using mobile payments. After that PayPal emerged in 1998. Other systems followed suit, such as e-gold, but it faced issues because it was used by criminals and was closed by U.S Department of Justice in 2005. In 2008, bitcoin was introduced, which marked the start of digital currencies. Origins of digital currencies date back to the 1990s Dot-com bubble. One of the first was E-gold,
Central Bank Digital Currency the central banks for all citizens. Digital fiat currency is currently being studied and tested by governments and central banks in order to realize the many positive implications it contributes to financial inclusion, economic growth, technology innovation and increased transaction efficiencies. Here is a list of potential advantages: A general concern is that the introduction of a CBDC would precipitate potential bank runs and thus make banks' funding position weaker. Central Bank Digital Currency Central bank digital currency (CBDC, also called "Digital Fiat Currency" or "digital base money") is the digital form of fiat money which is a currency established