From telegraph to cryptocurency: the development of the global payments system

barclay telegraph instruments showing instruments on stand with women operators

Read Catherine R. Schenk's article in Börsen-Zeitung on the development of the global payments system and the changing role of technology.

How do funds move across borders? How has this little-known but important system evolved over time? Why is it mainly in private hands and not under public control? What are its vulnerabilities and how could digital currencies fundamentally change the system?

Download PDF of the original article in German or visit the Börsen-Zeitung website for an English translation (Google).

Börsen-Zeitung | No. 249 | Sunday 24 December 2022