22 points ·
Two of the things that I think are new vs the current system are:
Wallet: anonymous holding of currency without a custodian. You can't hold fiat currency digitally today without a bank or other entity providing that service.
Transfer: moving fiat currency anonymously and under your own direction without intermediaries. You can't make a digital payment or transfer in pure fiat currency today without that custodian providing the service (often through fee-based payment network). As a result, your identity is known when that transaction happens.