What a nice change Japan made by making its own crypto.
Indeed many people are not happy and say useless, but I think this is a good step for the Japanese government to overcome and deal with changes in the world, especially in the payment system or currency, where the blockchain is a surefire solution in overcoming the current financial system.
Don't just take the negatives, a lot of positive things will happen if countries adopt blockchain into their currencies, regardless of the issue of centralization or decentralization, that is just a choice in my opinion.
Topic: [2020-01-25]Japan to begin its own national cryptocurrency - page 2. (Read 192 times)
As expected, soon more countries will develop their own digital currency its a good adavantage for crypto adoption slowly people will know that the technology already existed. Slowly were in the phase financial transition.
Transitioning currency to digital is already been implemented to many currencies. The only thing that hasn't is utilizing the blockchain technology and making these currencies, a cryptocurrency. In the case of Japan and China, they are now making slow big step into making the world adopt cryptocurrency even better. But do we really need to create cryptocurrency per country? If so, this will enable people to easily enter worldwide market, and I am pretty sure, these countries are aware of that.
Seems somewhat pointless - a centralized digital representation of fiat. Just use a database.
it is not useless my friend
it will make things much much easier for the country and for cryptocurrency ecosystem too
most of the people here think that fiat money is so bad and gold/crypto is the best solution
but its not the case actually
we need fiat money too its a good tool
before fiat money there were many problems in the economy that it solved
now digital fiat currency will solve even more problems
cryptocurrency ecosystem will work as an intermidiare and will gain a lot of attention, usability and price
Following the announcement by China to launch its digital yuan, Japan is also planning to start its own cryptocurrency, a new report states.
China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
Lawmakers of the ruling party in Japan are planning on presenting a proposal that Japan should have its own central bank digital currency (CBDC), a digital version of the yen.
According to Norihiro Nakayama, the parliamentary vice minister of foreign affairs in Japan, they will first look into the idea of sending out a digital yen.
read more : Paperblockchain -Japan to begin its own national cryptocurrency
China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
Lawmakers of the ruling party in Japan are planning on presenting a proposal that Japan should have its own central bank digital currency (CBDC), a digital version of the yen.
According to Norihiro Nakayama, the parliamentary vice minister of foreign affairs in Japan, they will first look into the idea of sending out a digital yen.
read more : Paperblockchain -Japan to begin its own national cryptocurrency
These things are bound to happen but it's quite surprising that they are planning this early without finding out first if China and Facebook will have huge success if these three coins succeed, we will see more countries creating their own and making this a worldwide trend.
Following the announcement by China to launch its digital yuan, Japan is also planning to start its own cryptocurrency, a new report states.
China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
For everyone in this market for a long time we have seen every shit show we will see with a new market, we have seen the old IPO scams recreating in the name of ICO projects and now we will see a shit storm of digital currencies from every countries with a blockchain attached and then they proclaim that they stand for innovation and in the next ten years we will come to know how these shit show will go. China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
Seems somewhat pointless - a centralized digital representation of fiat. Just use a database.
Following the announcement by China to launch its digital yuan, Japan is also planning to start its own cryptocurrency, a new report states.
China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
Lawmakers of the ruling party in Japan are planning on presenting a proposal that Japan should have its own central bank digital currency (CBDC), a digital version of the yen.
According to Norihiro Nakayama, the parliamentary vice minister of foreign affairs in Japan, they will first look into the idea of sending out a digital yen.
read more : Paperblockchain -Japan to begin its own national cryptocurrency
China started planning its digital Yuan project known as the DCEP (digital currency electronic payment) after Facebook announced its intentions to release Libra.
At the moment, China is close to releasing a digital version of Yuan and Japan is following this step.
Lawmakers of the ruling party in Japan are planning on presenting a proposal that Japan should have its own central bank digital currency (CBDC), a digital version of the yen.
According to Norihiro Nakayama, the parliamentary vice minister of foreign affairs in Japan, they will first look into the idea of sending out a digital yen.
read more : Paperblockchain -Japan to begin its own national cryptocurrency
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