Will countries or central banks create their own cryptocurrency? - page 5.

aeternus

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 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?

We are already seeing that, the government of Venezuela has created their own cryptocurrency, many people can see that this is just an effort to try to get money to try to keep the government running for as long as possible but even if that is the case it's important to see how the experiment of Venezuela turns out so we can learn from it in the future.

izza123

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States and banks are very closely related. I think that this is unlikely to happen, because bankers will lose most of their profits. Since bankers are people who are worried only about the state of their wallets and they do not care about the development of the country's economy and the well-being of people, they are unlikely to go on this.

localcrypto

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Thailand is now preparing graft lines to create their own cryptocurrencies in centralised manner and we can see central banks owned crypto currencies in the coming future

Bitfling

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 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?

If central banks create their own cryptocurrency and they still control the supply, i think it can not call cryptocurrency and its called digital money. Cryptocurrency should be not controlled by any authorities

Rooster101

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Quote from: NelfiNovita on August 27, 2018, 02:27:53 AM

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

That is true and it will happen soon. Banks abd governments will eventually join the fray in the creating own cryptocurrencies and tokens to service their people. Some governments aren't really inclined to accept cryptocurrencies like bitcoin because they hade their own plans to create or develop their coins and they don't want a possible competitor when they start to issue their own coin to their people. Ripple is lucky to be adopted by some banks but other banks might also issue their tokens in the future.

ivanst776

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Quote from: kokobaba880 on August 24, 2018, 01:07:26 AM

In fact in the future every country will create their own crypto currency which will be a central currency and that will be using in the world for different transactions so for now i have not seen any coin but i hope that soon this trend will also be started like every country has their own currency in the fiat so they will also use crypto for such payments.

embargo

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Countries and banks will create their own crypto currency, but after a big collapse, after the fall of the world financial system and the dollar. Right now it is difficult to do this, so there is a confrontation in this issue on the part of the United States, which is not interested in this scenario, since after the creation of its own banks and banks its own crypto currency - the demand for US dollars will disappear.

vladmamedov657

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Yes, I think if the whole world legalizes cryptocurrencies in all countries, then crypto-currency banks will appear

Siren

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Quote from: makoto_takemiya on February 16, 2018, 01:14:41 AM

I don't think any country will create a fully public, P2P, blockchain-based cryptocurrency. Instead they will create currencies on blockchain platforms that are permissioned and that can be controlled.

Venezuelan government already created petrocurrency meaning there is already existing country that has own cryptocurrency..

Quote from: NelfiNovita on August 27, 2018, 02:27:53 AM

everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

Were not talking just banks here budz,it's about Central Banks ot better known banks of the government,next time try to read the whole topic before putting your own opinion

NelfiNovita

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everything can happen if there is a desire, at this time many companies have joined the crypto world, so I think the bank will also issue their own cryptocurrency. Now that technology has developed so fast as crypto currencies, I am very confident that the bank will someday also issue their own cryptocurrency.

Sled

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Quote from: ToyotaFortuner on August 27, 2018, 01:58:49 AM

I think that could have happened if the country had given legality about using cryptocurrency, so it could have happened and there would have been many digital currencies that would have been created.

I heard some of the countries are banning the cryptocurrencies because they want to create their own and i think that is the same idea that most of the country are hiding from the people because they don't want to get into decentralized cryptocurrency that will just loosen and lower their power so they want to create their own to take control of anything they want.

ToyotaFortuner

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I think that could have happened if the country had given legality about using cryptocurrency, so it could have happened and there would have been many digital currencies that would have been created.

Neraj Evad

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That could be possible if countries or central banks would create their own cryptocurrency, but the fact if they will create their own cryptos so they are accepting the crypto technology, and that later ,they will accept bitcoin and other old altcoins, the important they are joining cryptocurrency.

patarfweefwee

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I really think banks will make their own blockchain or at least a coin of their own or woupd definitely accept crypto currency in their portfolio once crypto currency become stable and is widely used by everyone. Before then, banks will do the best they can to stop crypto currency growth by buying coins then dumping them

Baekhyun

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that speculation might happen, crypto has become mainstream now and many people are starting to learn to know and invest. but the question is if the bank does this does the decentralization system continue to be used? because basically the crypto system is contrary to the bank system.

coynedterm

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 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?

I don't think they can make , but probabilities are at the both sides but few rules are clearly indicating that they will make something different concepts of work that will not make them like cryptocurrency and they will be traceable .
But still here we can see that lots of services are in the cryptocurrency who are using the same concept of the work , they are just using the perfect use of the popularity .
For example many types of the chats application are available at the play store , which are making Thier services popular by giving free tokens of Thier services , and that is making them more popular to each other .
And similar type of the examples we can see by the many trading exchange for bitcoin with fiat value ( e.g wazirx , unocoin etc ) .
But here recently I heard about the news that one of the bank was looking to implement the technology of the cryptocurrency and also announcing that they will distribute Thier token to users at high value to make the coins more popular and they want integrate the fiat banking system with bitcoin like cryptocurrency technology , to make more improvement algorithm .

localcrypto

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German Bank and Thailand and Swiss most of these countries are in plans to start their own cryptocurrencies so we can see more central currencies in the coming future

R9s

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Fast, Smart, Trustworthy

Yes, it just takes time for many government coins to appear in the next 3-5 years, they will participate in the cryptocurrency market and some coins may be very expensive.

BlueStackz

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 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?

You yourself don’t even know what you are saying. How can you be saying that cryptocurrency is not the same as digital currency ? If cryptocurrency is not the same digital currency, then what is cryptocurrency? Well, central banks and countries are not going to create any cryptocurrency, because it’s not their job to do that.

There are already banks, and there are also easy ways you can transact with your bank. Most of the times you don’t even need to go to bank as long as your have a smartphone or computer, cause most transactions these days can be done online with your bank.

boksoon

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Quote from: waqasniaz007 on February 16, 2018, 12:56:48 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?

Decentralization crypto currency is favored to all people to make transaction anytime they want in fastest way on time on that minute and hour but decentralization is still on evaluation and analyzed what was the really affect the life of many people that's why some government doesn't agree yet while they have no proved about decentralization.

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