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Reviewing Currency Challenges and The Future of Money: The Gouantum

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  • Abdelrahman Naguib

    (Nile University, Egypt)

Abstract

The future of money is changing, and a new era of digital currencies is emerging. The traditional fiat and gold currencies face several challenges such as volatility, security issues, and limitations in transact ability. On the other hand, the cryptocurrency, despite its potential, also has limitations in terms of scalability, security, and widespread adoption. In this paper, we aim to address various currencies’ limitations and introduce a new currency concept that could mitigate most of the current currencies’ challenges and limitations. The new digital currency we proposed, combines the best of both fiat and gold currencies and overcomes the limitations of cryptocurrencies. By being backed by physical gold, Gouantum could provide stability and security, and by using blockchain technology, it shall enable fast and low-cost transactions. The paper provides a comprehensive overview of the challenges faced by traditional fiat and gold currencies and the limitations of crypto-currencies, and how Gouantum addresses these issues. The paper concludes that Gouantum has the potential to change the future of money and revolutionize the financial industry.

Suggested Citation

  • Abdelrahman Naguib, 2023. "Reviewing Currency Challenges and The Future of Money: The Gouantum," European Journal of Business and Management Research, European Open Science, vol. 8(2), pages 203-210, March.
    • Handle: RePEc:epw:ejbmr0:v:8:y:2023:i:2:id:51907
    DOI: 10.24018/ejbmr.2023.8.2.1907
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