So this got me thinking why wouldn't all other financial institutions & companies create their own crypto instead of buying into existing and expensive cryptocurrencies? For example for privacy & security why couldn't the Swiss Bank create their own private cryptocurrency instead of using DASH or MONERO? Or logistics & supply chain related cryptos Vechain/Wabi/Walton why wouldn't multi-national companies just create their own? Or even IoT, AI related cryptos like Cindicator, Deepbrainchain, IOTA, why couldn't IBM or Google create their own instead of buying already expensive and inflated cryptos?
The fact that many banks are now creating their own cryptocurrencies presents benefits and also challenges to i'ts users.While bigger cryptocurrencies created by banks would be more widely available and anonymous (relatively, at least), they would also require stricter regulation. Adoption by banks could also revolutionize banking at large by leveraging blockchain methodology on a larger scale.
Topic: Japan's largest bank Mitsubishi UFJ to release their own crypto. - page 2. (Read 207 times)
January 23, 2018, 08:57:13 PM
January 23, 2018, 08:23:46 PM
In the real world, people have done so, except that the main body is the state rather than the institution, and the state also has to find a way to make the currencies of different countries exchange with each other and circulate. If the company creates their crypto, they will also encounter the corresponding problems for exchanging, so it might as well accept the existing crypto such like Dash, right?
January 23, 2018, 08:09:33 PM
If that's true then it will be a great news for crypto lovers. Atleast someone from Asia supporting cryptos 
January 23, 2018, 07:52:18 PM
So this got me thinking why wouldn't all other financial institutions & companies create their own crypto instead of buying into existing and expensive cryptocurrencies? For example for privacy & security why couldn't the Swiss Bank create their own private cryptocurrency instead of using DASH or MONERO? Or logistics & supply chain related cryptos Vechain/Wabi/Walton why wouldn't multi-national companies just create their own? Or even IoT, AI related cryptos like Cindicator, Deepbrainchain, IOTA, why couldn't IBM or Google create their own instead of buying already expensive and inflated cryptos?
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