Australia could introduce a digital version of its dollar, a senior exec at the country's central bank says, although any state-backed digital currency is in the distant future and likely to circulate in parallel with old fashioned notes and coins.
With cash and cheque usage falling, the Reserve Bank of Australia's head of payment policy, Tony Richards, says that new electronic payments are likely to emerge in the medium term.
https://www.finextra.com/newsarticle/28518/oz-central-banker-floats-digital-dollar-govt-sets-up-fintech-advisory-group
