Twenty-five years ago, in the dawn of electronic money, Federal Reserve Board Chairman Alan Greenspan presented a paper at the U.S. Treasury conference on \u201cElectronic Money and Banking: The Role of Government,\u201d where he argued that the future of e-cash will depend on the private sector\u2019s \u201cflexibility to experiment, without broad interference by government.\u201d The COVID-19 pandemic has hastened the transition from paper currency to e-cash. People still want cash, but increasingly in digital form stored on mobile wallets rather than in bill folds.<\/p>\n<\/div>\n<\/div>\n

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