And the First Country to Move to a 100% Digital Monetary System is… Venezuela

from Zero Hedge

In our annual look back (and forward) post, we mused that the advent of central bank-supported digital currencies was the top financial story of 2020, buried deep under the landslide of health and political developments from covid to the US presidential election; we also said that the most important narrative of 2021 would be how fast – and where – digital currencies would be rolled out first.

Yet while we recently speculated that China would be the first major economy to unleash a digital currency, little did we know that the first country to officially make the jump to a “fully digital” economy would be… Venezuela!?

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