Topic: ECB's coin? ZFG! (Read 100 times)
The future of crypto isn't free decentralized independent money. It is state backed approved fully compliant with AML and KYC regulation coins. There are going to be state approved coins, and dirty terrorist Iranian, Russian money laundering, North Korean hacker, Chinese drug dealer, global warming, pedo coins.
I see there's lots of news flash regarding it. Help me understand, why the hell is this so exciting for some of you.
My point of view, o why I give zero Fs on that:
- ECB's coin in its true essence would simply be another stable coin. And yes - the issuer would be much more reputable than, say, Tether.
- Faster payments? Yes, but only among cooperating parties, 'cause in order to exchange your ECB's coin to a fellow fiat EUR you'd basically have to struggle through the same clearing times for SEPA, SWIFT. This doesn't look any different than it is now - if a merchant supports crypto payments, you will be able to pay for goods n services in crypto speeds.
Help me understand the hype here...
My point of view, o why I give zero Fs on that:
- ECB's coin in its true essence would simply be another stable coin. And yes - the issuer would be much more reputable than, say, Tether.
- Faster payments? Yes, but only among cooperating parties, 'cause in order to exchange your ECB's coin to a fellow fiat EUR you'd basically have to struggle through the same clearing times for SEPA, SWIFT. This doesn't look any different than it is now - if a merchant supports crypto payments, you will be able to pay for goods n services in crypto speeds.
Help me understand the hype here...
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