Topic: Will countries or central banks create their own cryptocurrency? - page 17. (Read 3237 times)
March 15, 2018, 11:07:40 PM
I think actually crypto has shown its existence as a virtual currency that has a very good concept and currently crypto has succeeded in improving the economy for its users. I believe the bank as a centralized center has seen a pretty good potential for blockhaind technology but this decentralized system of crypto is the thing that makes the government less interested in crypto currency.
March 15, 2018, 10:57:11 PM
Countries and central banks does have their own digital currency through by means of debit or credit cards. But to develop their very own cryptocurrency it will be likely to be centralized just like ripple. What I noticed, those countries that created their own cryptocurrency are likely to be successful for a while but afterwards it will be forgotten. Russia does have its cryptorubble and that's only few country that does have their own cryptocurrency.
March 15, 2018, 10:20:22 PM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
When it happens it is prepared for media lies to succeed in overdrive state because they have to sell the coins better than bitcoin and all other altcoins but of course we know the truth and central banks around the world will eventually create their own crypto, they do not can let the whole market be dominated by bitcoin and things they can not control
March 15, 2018, 07:21:00 AM
Some governments like Venezuela are planning to launch their own cryptocurrecy called "Petro" in effort to stabilize their economic crisis. There are reports also that several central banks have already experimenting with their own versions of virtual currency. If a government creates its own cryptocurrency, its central bank would stand behind and promotes it because it is created by the state.
March 15, 2018, 05:37:45 AM
Nope. Countries will not create cryptocurrency and banks also don't want to introduce because of the decentralised concept of Bitcoin and crypto. These countries or banks wants to make money from people but cryptocurrency is like making money by people for people. May be it will take another 5 to 10 years for any crypto to be introduced b any country or bank.
March 15, 2018, 05:26:44 AM
Those countries that tried to create their own cryptocurrencies are likely to collect money from investors.
And after that their coin will be dumped and they will go to the usual money fiat system.
It's the reason why if a country will launch its own coin, investors will still choose bitcoin.
And after that their coin will be dumped and they will go to the usual money fiat system.
It's the reason why if a country will launch its own coin, investors will still choose bitcoin.
March 15, 2018, 05:14:19 AM
State Bank of India: Largest Bank of India has officially announced they will use blockchain technology for the transaction in future. This decision could be a huge step, and it is possible for banks to create their cryptocurrecy.
We will see more conventional banks interested to implement how money transferred transparently , quick and easy to access with blockchain tech model. They just need a little bit courage to step forward . About creating their own version of cryptocurrency I don't think it could be beneficial for them , they need to be careful making this kind sensitive matter. So it won't easy. March 14, 2018, 02:55:29 PM
If they do, how to promise the limited supply?
March 14, 2018, 02:44:17 PM
State Bank of India: Largest Bank of India has officially announced they will use blockchain technology for the transaction in future. This decision could be a huge step, and it is possible for banks to create their cryptocurrecy.
March 14, 2018, 01:44:13 PM
No, countries or banks officially won't create crypto. But if they create it, then no one can ban cryptos or Bitcoin. I know some country like Taiwan, Colombia already banned it.
March 14, 2018, 01:34:05 PM
In Poland, one of the bank try to make their own cryptocurrency, what will be protection for the future, when crypto can be so strong.
March 14, 2018, 01:29:09 PM
I don't think that they are in need of such an action. They are like an opposite site of crypto-world because it touches their interests and profits in direct ways.
March 14, 2018, 01:18:48 PM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Why would you invest in a national crypto coin?
You can just as easy buy right now $, Euros or yen and be done with it.
I'm amazed a lot of people really believe that those national cryptos will get a huge increase in % like bitcoin did or they will fluctuate like all the altcoins here.
It's going to be a national cuurrency!!!!
With a fixed value, controlled by the state! There is nothing to invest here!
March 14, 2018, 01:04:15 PM
Yes! Maybe not now but it will happen, a cryptocurrency that is not decentralized but a centralized where in my own opinion a very greatest enemy of decentralised cryptocurrency.
March 14, 2018, 08:53:44 AM
I think that banks will be forced to change their usual system, and introduce new technologies, or create their own crypto-currencies, in order to somehow compete with currencies such as bitcoin, which are already accepted by some countries as a means of payment.
March 14, 2018, 08:30:09 AM
I their No, Their are only adopt the blockchain technology because they hate cryptocurrency only blockchain will fast their transaction.
March 14, 2018, 08:06:57 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Why would you invest in a national crypto coin?
You can just as easy buy right now $, Euros or yen and be done with it.
I'm amazed a lot of people really believe that those national cryptos will get a huge increase in % like bitcoin did or they will fluctuate like all the altcoins here.
It's going to be a national cuurrency!!!!
With a fixed value, controlled by the state! There is nothing to invest here!
March 13, 2018, 05:08:19 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Will,my speculation about this maybe someday if some country or the central banks itself would capable to make there own digital coin, as what the country of china doing now into there homeland,they did not allowed foreign ICO developer to make a bussiness project ,because they want to make there own digital system,but in relation of the central banks i thinks its not the time that they make there own centralized cryptocurrency because as of now they are inadequate of resources and capabilities.
March 13, 2018, 03:29:50 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
March 12, 2018, 05:59:01 AM
A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?
Along with the fast development of virtual currency such as COINS of the impact of the fiat money system, major central Banks have gradually realized that only the issuance of central bank of digital currency, can effectively guarantee the legal tender of the market position. As a result, central Banks in many countries have begun to study the issuance of legal digital currencies. For example, researchers from the central bank of Canada have published several work papers in recent years to discuss the impact of central Banks on the social welfare of digital currency. The bank of England in August, working papers published "the central bank issued digital currency macroeconomics", the central bank is theoretically discussed issue of digital currency on the possible impact of macroeconomic; The people's bank of China set up a digital currency research project a few years ago and recently disclosed the research. Ecuador is also trying to issue a digital currency, the Ecuadorian currency, by the central bank.
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