One of the most important opportunities for LEOcoin to be improved is to co-operate with financial institutions in blockchain technology for the project of development a decentralised network. But, it seems to be that not easy to convince these institutions to accept LEOcoin Ecosystem because they almost want to develop themselves new form of digital currency; even same for countries cases.
Governments and local entrepreneur associations and general public and business are interested in digitally encrypted payment solutions, because they are secure, fast and cheap. Financial institutions are mostly interested in the technology behind the distributed ledger and not in digital currency as such - for obvious reasons. However, having decentralized options for inter-bank trading is another thing, which would likely result in having financial powers being even less accountable towards governments and the people as they are today.
Accordingly to Wittgenstein who said in Sect. 43 of his Philosophical Investigations that: "the meaning of a word is its use in the language", I would like to propose that the meaning of digital currency is thus analog to its functional relevance in the economy.
As LEOcoin Foundation, we have a primary mission to promote a global digital currency economy. If the fintec industry will be open or not, we will pursue our objectives. As the current debt-based system of fractional reserve banking is on itself not sustainable, it is indeed an exiting time to live in.
