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Could digital currencies put banks out of business?

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking. Read our special report, “The Future of Banking” : Sign up to our newsletter to keep up to date: Read more of our coverage on Finance & Economics: Listen to Economist’s podcast “Money Talks: the age of free money”: Is digital yuan set to transform both Chinese and international banking? Why is Britain’s fintech under assault? Why are American banks experiencing a post-pandemic boom? America's upsurge in digital payments Why China's government is cracking down on fintech Can traditional banks survive? Why acceleration in digitisation might re-shape finance? Can banks’ credit provision keep up with capital markets? Why private-credit markets are due a growth spurt? How fintech is revolutionising finance: Can America keep up with the digital-payments industry? Should banks worry about losing business to Libra/Diem? Why America has too much cash How China’s digital currency will affect power of central bank:
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