Following up on posts by David Andolfatto et al. on the issue of state sponsored digital currency, I came across the following article. IBM is looking to support central banks in setting up some form o digital currency. Whether or not it is the right approach, it seems to me that the arrival of industrial strength suppliers is good news.
Ultimately, even if taxpayers’ money is not put to the best possible use, community/open sourced alternatives will not be crowded out, but rather spurred by any large scale implementation.
Reuters article on IBM move here