Unlike in the past, the value of money is no longer tied to something real. The money
supply of state currencies is now controlled by the central banks, which can print
money practically at will. Triggered by the resulting loss of purchasing power of paper
money, people are looking for alternatives. This is where blockchain technology
comes in and enables new forms of currencies. Among other things, this technology
provides the technical basis for digitising physical assets in a meaningful way and
making them tradable anytime and anywhere.
Karl Reichmuth, founder of Reichmuth & Co, private bankers Lucerne and co-founder
of RealUnit Schweiz AG presented his new book "Neue Währungen in Sicht" (ISBN
978-3-03875-385-8) to the public on 21 June 2021. Together with many well-known
co-authors from the world of finance and crypto, he bluntly illuminates the major
problems of today's currency system, which is increasingly reaching its limits.
The banking, currency and IT experts outline the blockchain landscape and present
various currency alternatives. Domenic Parli, Chairman of the Board of Finemetal
AG, was allowed to contribute a chapter on the advantages of physical gold and the
digitalisation of precious metals, as well as their future function as a means of
payment on the blockchain.
The book is recommended for anyone interested in the history of money, actively
concerned about preserving the value of their assets or wanting to gain more insight
into the new world of cryptocurrencies. Contact us if you are interested in a copy.