If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
If the majority of states issue their own cryptocurrency, it will actually be one of the stable coins and a digital copy of the national currency. Therefore, its value will not change. The national cryptocurrency will be equal in value to the ordinary currency of this state. These currencies should go together and complement each other's capabilities.
Topic: Each country has its own crypto currency! (Read 3603 times)
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
If the majority of states issue their own cryptocurrency, it will actually be one of the stable coins and a digital copy of the national currency. Therefore, its value will not change. The national cryptocurrency will be equal in value to the ordinary currency of this state. These currencies should go together and complement each other's capabilities. 
If almost every state creates its own centralized cryptocurrency, I think that this will positively affect the whole decentralized cryptocurrency. The national cryptocurrency is likely to have signs of stable coins and will be equated to the price of the usual currency of each state. That is, such a cryptocurrency should not grow much or fall in value. Its price movements will reflect the state of the economy of each state.
It is not a problem to create a national cryptocurrency but I do not think that it has any sense. First, people should learn how to use Bitcoin and existing altcoins. Further, they can think about their local crypto.
Each country having its own cryptocurrency is good, but this won't be cryptocurrency in my view. Those were digital form of fiat currencies integrated to a blockchain platform backed by gold or the fiat currency. With bitcoin the scenario is different, and these country owned cryptocurrencies can be used for the good of faster transactions and we cannot expect similar growth same as that happens with decentralized ones.
It looks like Ethiopia is looking to launch it's own cryptocurrency too:
https://www.investinblockchain.com/cardano-founder-collaborates-with-ethiopian-government-create-cryptocurrency/
It totally makes sense for them to just start with the capital city - that way if it's a flop (say people prefer to hold bitcoin rather than the Ethiopian crypto) it can easily abandoned.
https://www.investinblockchain.com/cardano-founder-collaborates-with-ethiopian-government-create-cryptocurrency/
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According to Hoskinson, Atala is a groundbreaking blockchain framework built from the ground up to serve real-world use cases such as property registration, supply chain management, voting systems, and cryptocurrency adoption.
Per the Forbes report:
“Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”
The first implementation of the Atala framework will be used to develop a cryptocurrency for the Ethiopian capital, Addis Ababa, to provide a secure and dependable means of payment
Per the Forbes report:
“Atala is an enterprise framework similar to Hyperledger Fabric. However, the point is to be a solutions provider for governments in need of a municipal currency or a supply chain management system.”
The first implementation of the Atala framework will be used to develop a cryptocurrency for the Ethiopian capital, Addis Ababa, to provide a secure and dependable means of payment
It totally makes sense for them to just start with the capital city - that way if it's a flop (say people prefer to hold bitcoin rather than the Ethiopian crypto) it can easily abandoned.
all the world have their own crypto currency not for country, but some countries have introduce their currency but normally it use all world. in a country it is difficulty take one crypto currency as their own currency because this currency will yous all the countries without any regulations as well as the will be able to trade that in many exchanges. therefore a country can take profit by making currency but they can keep one as their currency,
Presently all countries of the world have their own different fiat currency so each country having its own different cyptocurrency will not be an issue if adapted.It will bring massive utilization of cryptocurrency which can stabilize troubles economy and Bitcoin will be in demand and will gain more value being the pioneer of crypto coins
We don't need it as long as the country is still using the FIAT money because it was represent just like own crypto-currency, but you said exchange right ? Well there is nothing because our fiat is already have a value in other country that's equivalent to it.
Each country have own currency I think will make bitcoin and altcoin price have higher at the future, always support when have country want to legal bitcoin as transaction payment and we will see how bitcoin and altcoin get to higher price.
Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.
This is certainly not what the people would want it because it would be just like fiat where each country has their own currency and just like dollar some other country's currency would dominate and btc will collapse in such case.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.Crypto from other countries will also not automatically be able to talk much globally, but they will be more structured in domestic crypto finance.
If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
To be realistic it has to make a connection with the status of the national economy. A strong economy brings with it a strong crypto coin like the american dollar.
with the invention of the stable coin, every country and big financial institutions are also launching stable coin This year 2019 is the year of stable coins
Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.
This is certainly not what the people would want it because it would be just like fiat where each country has their own currency and just like dollar some other country's currency would dominate and btc will collapse in such case.
Just to update on this topic, it looks like Sweden's central bank is considering issuing it's own cryptocurrency:
https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast
Another great news to consider, though they've haven't mentioned about crypto but digital currency, we do hope to see that options for crypto will also be considered, as this oldest Central bank will be a big impact if they will begin to use crypto currency for their own benefits. https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast
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Cash use has decreased rapidly in Sweden and a scenario within the not-too-distant future, in which cash is not generally accepted, can’t be ruled out.”
Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.
Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.
Each country having its own coin is not something crypto enthusiasts wish to see but to see that bitcoin is accepted in every country. that would bring extra value to bitcoin. Anyway if every country is to create their own cryptocurrency then you can be rest assured that China coin would be the most expensive coin.
If almost every state creates its own centralized cryptocurrency, I think that this will positively affect the whole decentralized cryptocurrency. The national cryptocurrency is likely to have signs of stable coins and will be equated to the price of the usual currency of each state. That is, such a cryptocurrency should not grow much or fall in value. Its price movements will reflect the state of the economy of each state.
Just to update on this topic, it looks like Sweden's central bank is considering issuing it's own cryptocurrency:
https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast
https://www.bloomberg.com/news/articles/2019-04-29/swedish-central-bank-wants-answer-to-what-s-legal-tender-fast
Quote
Cash use has decreased rapidly in Sweden and a scenario within the not-too-distant future, in which cash is not generally accepted, can’t be ruled out.”
Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.
Sweden is becoming a guinea pig in what constitutes legal cash in a digital world as the Nordic country’s citizens flock to credit and debit cards and other digital payment services. Many bank branches have now stopped offering money withdrawals as stores and restaurants are phasing out cash. Some people are finding it difficult to cope without access to mobile phones or bank cards. There are also fears around what would happen if the digital payments systems suddenly crashed.
The Riksbank is exploring its own digital currency, while legislators are leaning toward forcing banks to handle cash.
Hope a crypto currency type of money get created in Argentina. Is so need it here, we have a 50% inflation and people save their money in dollars. With a blockchain powered currency theres going to be more confidence that the goverment wont have power to destroy the currency. As long the new crypto doesnt look like the "venezuelan petro" 
I"ll buy it.
I"ll buy it. Jump to: