While the pace of progress varies across countries and regions, the general trend of the growth of cashless and digitized payment instruments is expected to continue, due to the following reasons. First, as the core value of money rests with credit and not with its materials, money does not have to take the form of physical metal or paper.
If the public allows the central bank to take on a certain level of risk within the context of flexible monetary policy, then it would be appropriate for the public to support the risk-taking behavior of the central bank by restoring its capital base should the latter be damaged as a result of taking risks.