Money has taken many forms over the centuries. In fact, it’s not even always been money at all. It gradually evolved from bartered commodities to pieces of metal, before becoming paper money and eventually debit and credit cards. The next step in this evolution could be central bank digital currencies (CBDCs). CBDCs are already in use today. A total of 11 countries have launched one, and another 21 have pilot programs, according to the Atlantic Council’s CBDC Tracker. A further 79 are developing or researching a digital currency. {chart} Well over 90% of the money in circulation today is already digital, according to ... (full story)