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Summary. Digitalization is changing the way we work, interact with each other and use our time. It is changing consumption habits, social relations and our very culture. It is, in effect, changing the way we live. And like all other spheres of life, today's digital revolution is transforming the role and the nature of money. Not so long ago, cash was more or less the only way to make an immediate purchase. Today, however, we have grown accustomed to using forms of private digital money, such as online bank transfers, payment cards and applications on our smartphones or watches. These are changes that directly affect the role of banks.
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The writer holds a master's degree in international relations.
