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Topic: France to launch their own cryptocurrency (Read 860 times)

jr. member
Activity: 154
Merit: 1
December 26, 2019, 11:02:58 AM
France recognizes bitcoin and cryptocurrencies and this makes it a country. The cryptocurrency created by France has promising trends in the development of cryptography in the country. This is supported by many people here. Including with residents of France. Need to expect news.
sr. member
Activity: 840
Merit: 253
December 16, 2019, 04:30:19 PM
I've never seen a government approaching Bitcoin well. So I want to say this. Bitcoin does not offer a good alternative to the states. It even offers a dangerous economy. Citizens may lose all control over them. France, the European Union may also want to take control of monetary. Euro is a more sensible control tool.
sr. member
Activity: 1078
Merit: 340
December 16, 2019, 01:02:02 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy
You're getting it wrong. First of all, you said they are creating their own cryptocurrency and not Bitcoin, so that doesn't mean they have changed their mind about Bitcoin. They can still be against and also create their own cryptocurrency, lol. The way I see things are moving now, I think BITCOIN would be regarded as an asset, just like there is gold and silver and platinum.

Initially I thought that government are going to adopt Bitcoin, but they had a different move and instead of doing that, they are all now creating their own cryptocurrency as a digital form of their original currency.

Why did you think government will adopt Bitcoin ? I mean it's not really gov friendly. The main goal is to "destroy " the bank control to give more control to the people.
sr. member
Activity: 1596
Merit: 299
December 16, 2019, 12:35:52 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy
You're getting it wrong. First of all, you said they are creating their own cryptocurrency and not Bitcoin, so that doesn't mean they have changed their mind about Bitcoin. They can still be against and also create their own cryptocurrency, lol. The way I see things are moving now, I think BITCOIN would be regarded as an asset, just like there is gold and silver and platinum.

Initially I thought that government are going to adopt Bitcoin, but they had a different move and instead of doing that, they are all now creating their own cryptocurrency as a digital form of their original currency.
sr. member
Activity: 1078
Merit: 340
December 16, 2019, 08:43:08 AM
France has a good approach towards crypto since from the start and it actually doesn't bother them what false accusations that other countries have made. This kind of development is something could help to attract their people to engage more in crypto especially when they launch their own.
Though this is not new for us to hear such good news cause some country has started to make it also but helps to promote crypto globally and find its advantage over fiat.

A good approach on what ? innovation or in adoption ? because for me 75% of fees in the past was not a good approach for the adoption  Cheesy
now it's better, it is just 30% but if you stay on the fees part it's still too high to attract investors and big players...
after on the innovation part we are slow but indeed we are better than some countries ..
sr. member
Activity: 2338
Merit: 338
December 13, 2019, 07:05:03 PM
France has a good approach towards crypto since from the start and it actually doesn't bother them what false accusations that other countries have made. This kind of development is something could help to attract their people to engage more in crypto especially when they launch their own.
Though this is not new for us to hear such good news cause some country has started to make it also but helps to promote crypto globally and find its advantage over fiat.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
December 13, 2019, 01:56:42 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


In the near future, i think more countries not only France and China will start to create and launch their own cryptocurrency because more countries are also starting to adopt blockchain technology and cryptocurrency, so i think other countries qhi banned bitcoin and crypto would also follow and create their own cryptocurrency.

It will be the standard in the next 10 years, you won't be making any transactions in a thrift shop without a phone app, so you'd be always have to bring your phone with you when making transaction. One of the project that may really be adopted is the credit card projects in crypto where we can swipe these cards to pay cryptocurrency for the grocery products we buy.

As of today only few countries are beginning to adopt digital currencies sooner, people from other countries will find it hard to visit France unless they have the coins so they better adopt crypto too.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
December 13, 2019, 11:51:07 AM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


In the near future, i think more countries not only France and China will start to create and launch their own cryptocurrency because more countries are also starting to adopt blockchain technology and cryptocurrency, so i think other countries qhi banned bitcoin and crypto would also follow and create their own cryptocurrency.
member
Activity: 233
Merit: 10
December 13, 2019, 11:28:34 AM
France is not the first country to launch crypto, there are already several countries that will do it like China and others, in essence they have all recognized that crypto has begun to be recognized by the government, I am sure cryptocurrency will be an important part of every country in the future. , maybe in the next few years, many countries will follow..
newbie
Activity: 19
Merit: 0
December 13, 2019, 11:25:41 AM
I am shocked French central bank can be better than Chinese central  one! It turns out new digital currency can be more profitable than private payment platforms, like WeChat and AliPay. I hope French experiment will be effective, so that any modern person will have a chance to invest and  trade cash-less money.
sr. member
Activity: 1078
Merit: 340
December 13, 2019, 11:19:59 AM
Truly, I hardly understand how France is going to establish the digital currency. The modern world is fully depends on US-based banking giants, such as Visa, PayPal, Mastercard, etc. It is unbelievable for the traditional banking system to be less effective than the new cash-less one.
Many will prefer to use digital currency because it can keep its own monetary sovereignty anywhere in the world. Plus, the digital euro currency would help traditional banks to put Mastercard, Visa, PayPal on the second place, so that the modern and usual banking tendencies can be connected at the same time. Nevertheless, it helps to modernize the whole financial system. The question is: How is digital currency can be effective for retail if it is mostly provided for banks and wholesale?


The majority prefer to keep cash as a currency but the government is not really for it .. so the crypto euro is also a step to stop the print of cash I think  Smiley
hero member
Activity: 938
Merit: 501
December 13, 2019, 11:15:45 AM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


It's great to hear news like this, cryptocurrency being approved by more countries and more popular with everyone. In 2020 there will be many countries that will accept crypto as a payment method and a few others will launch crypto by central banks. China, France, Germany ... will be the leading countries in this field
newbie
Activity: 28
Merit: 0
December 13, 2019, 11:06:07 AM
Truly, I hardly understand how France is going to establish the digital currency. The modern world is fully depends on US-based banking giants, such as Visa, PayPal, Mastercard, etc. It is unbelievable for the traditional banking system to be less effective than the new cash-less one.
jr. member
Activity: 30
Merit: 1
December 13, 2019, 04:39:11 AM
this will bring a boost to the cryptoworld in my opinion. and will increase adoption of cryptocurrency usage.

yeah, it's nice that blockchain technology and cryptocurrency are more popular all over the world and awareness among people about that stuff increase. However in case of France which wants to launch their own crypto, it's might be just an experiment, I doubt it will have a bright future, but they can try
full member
Activity: 322
Merit: 151
They're tactical
December 13, 2019, 04:23:06 AM
For all i know, if they do a crypto in France, its not going to be something you can speculate on, all the people i talked with from institution their eyes goes  Shocked Shocked when They hear speculation or trading. Public services are not here To make profits, at best They just want To balance the budget, and they wont use taxe monney to develop a system with speculative profits. Maybe They are looking into it as a way to access public service or various things, but its not going to be a thing to make profits on it.
sr. member
Activity: 868
Merit: 256
December 13, 2019, 03:28:09 AM
This is great news! I hope other countries jump aboard the crypto wagon and embrace blockchain technology and the future. It will be very interesting to see how they introduce it to their people and if they will have a dual economy? One based on fiat the other on crypto. Would investing in such currency be a good idea? I think they will tie the value of the crypto to their local currency until it gains more adoption.
Yeah, if bitcoin will be launch also in other countries because France already did it , it could be a great news, european has influence in other countries too. I hope that here in Asia it will be recognized as well.
legendary
Activity: 2898
Merit: 1823
December 13, 2019, 03:11:15 AM
The topic has the potential in turning into one long mega-thread full of people posting with very little understanding. You tell them the truth, and more of them keep coming like a swarm of ants.
sr. member
Activity: 1078
Merit: 340
December 12, 2019, 03:20:44 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


I think it was a great idea to launch their own token since it was their country that is going to use it but I think these token could not be more useful since France already have its fiat money and bank system.
Also, France should just use bitcoin since the bitcoin is the most popular cryptocurrency and digital currency they should just use it as the cryptocurrency and as an asset.

Again the money in france is the Euro, so it will be the first step to a new money for the European Union maybe. A government will not use Bitcoin because they don't own it and they don't know who own it. Imagine if one day "Satoshi " sell all his bitcoin ? He will create maybe a new crisis. Imagine if you loose your wallet, bam all your money is gone.
The goal of a state is to protect the citizens, too many risks to adopt bitcoin as a national money.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
December 12, 2019, 02:23:21 PM
well, it seems like France will also launch their own cryptocurrency next year. it's funny that just year ago they despise cryptocurrency(article about it) and now they are launching their own cryptocurrency
and even teaching high school students about cryptocurrency(article about it) and preparing them for it. how things have changed in just a year Cheesy Cheesy


I think it was a great idea to launch their own token since it was their country that is going to use it but I think these token could not be more useful since France already have its fiat money and bank system.
Also, France should just use bitcoin since the bitcoin is the most popular cryptocurrency and digital currency they should just use it as the cryptocurrency and as an asset.
hero member
Activity: 2002
Merit: 535
December 12, 2019, 02:20:13 PM
This is great news! I hope other countries jump aboard the crypto wagon and embrace blockchain technology and the future. It will be very interesting to see how they introduce it to their people and if they will have a dual economy? One based on fiat the other on crypto. Would investing in such currency be a good idea? I think they will tie the value of the crypto to their local currency until it gains more adoption.
Why is everyone thinking that they are embracing bitcoin, if any country is coming up with their centralized coin even with a blockchain why would anyone follow that path and start adopting their stupid currency, for them to monitor all your transactions  Roll Eyes. May be the government is looking this crypto craze as an opportunity to have complete control over their citizens and we should not fall for that trap.
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