Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
In the worried of decentralization the banks are trying to start their own currencies. They will start their coin and will formulate their rules and regulations according to the crypto currencies and a system will be started in these banks but as people love to adopt bitcoin and other coins are not better for them than bitcoin so the banks will in the last come to adopt bitcoin as they will familiar with the crypto system because of their own coin and adopting bitcoin will not be then hard for them. 
Topic: Will Digital currency of Banks can replace the Bitcoin? What is your opinion? - page 3. (Read 693 times)
January 25, 2020, 09:48:38 AM
January 25, 2020, 09:42:03 AM
in terms of usage, I think it can. because digital currency from banks is likely to be equalized by fiat, so the price will adjust to the fiat exchange rate. and for real use cases, maybe digital currency banks will be more widely used. but in terms of investment, I think bitcoin will still be number one.
January 25, 2020, 09:26:56 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
No it would not, lets compare between the two "digital currencies" start with the Banks centralized digital currency are obviously backed by stable assets and it wont fluctuate much so its a form of stable digital currency, while Bitcoin is a full pledge decentralized cryptocurrency and it will subjected to high fluctuation meaning its value can go high and low in matter of time, and because of that function Bitcoin was gaining more users and investors because of its " high risk but high returns" potentials. 
January 25, 2020, 09:13:41 AM
Digital currencies made by banks (Fiat) and Bitcoin (purely cryptocurrency) These are two distinct things that are obviously different though both digital assets and blockchain systems use. In my opinion although as powerful as any digital currency made by the bank with all its legality still will not be able to rival Bitcoin even though the price for example Bitcoin is under Fiat. Why can the original nature of the altcoin in particular this bitcoin is a different an anonymous with Fiat which there is required original data and all transactions can be recorded, both the sender and the receiving, although in Bitcoins have a fixed ledger is not Benchmark. And another important thing is that Bitcoin has already been born first in the digital market, Bitcoin is formed from a digitally and high tech code, while the Fiat is derived from the design which mimics the Bitcoin. And I think Bitcoin and other altcoins can not be replaced by digital assets that are made by banks. Indeed a product must have a minus plus its, I assume that the digital asset created by the bank will certainly not be as perfect bitcoin.
January 25, 2020, 09:09:00 AM
When it comes to such things then I always say - look at the cover of the 1988 economist magazine and think about it. If globalists want and agree with bankers and corporations, then it is obvious that the dominant cryptocurrencies to one degree or another will replace fiat money.
January 25, 2020, 09:06:58 AM
they have not confirmed directly to be in crypto exchange as a whole, their use remains the same as fiat and only represents the mechanism of digital payments. The existence of government / bank digital coins is still in the same price, actually it will make many people will recognize bitcoin because it uses blockchain technology with a different system.
January 25, 2020, 09:02:45 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Digital currency as a currency that will be blockchain based or just a regular digital currency that will be pegged with USD? If it you are talking about the latter, it does exist and it hasn't replaced bitcoin, has it? If its going to be a blockchain based currency, then still it won't. Most of the people uses bitcoin because its decentralized and gives people financial freedom. A diigtal currency created by a bank won't be having such features thus making people reluctant to use it. 
January 25, 2020, 08:57:46 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Digital currencies, i think there are a lot of platform already, like Paypal is digital currency wallet too right ? 
To replace bitcoin, it is better if each currency have their each advantage, like bitcoin still not good at payment, it is ok as long bitcoin still can be assets of investment. January 25, 2020, 08:51:24 AM
No, a bank's digital currency will not be able to replace the position of bitcoin because bitcoin is already in the digital market.
If the digital currency of the bank is locked, it will continue to be controlled by the government so that prices can be controlled and will not reach a high level.
Agree, no matter how frequent people use it as long as it under control of an authority price of it won't change. Beside bitcoin has been in this a long time before many discussion had been addressed with it, but one stands out, and still bitcoin remains at the top. If ever bitcoin would be replaced, it would be a cryptocurrency as well, and not by banks digital currency. If the digital currency of the bank is locked, it will continue to be controlled by the government so that prices can be controlled and will not reach a high level.
January 25, 2020, 08:28:53 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I think that bank digital currency is also fiat that are being transacted electronically either through different means including digital cards and going cashless.
So, I think is same as fiat and not same with bitcoin and might not take over bitcoin.
Bitcoin and digital cash transfers has different method on their system. Fiat cash has its own program that runs through special registry that is separate from blockchain being used by bitcoin. Cashless doesn't mean it's always a cryptocurrency thing, but digital currency is more faster than regular cash transfers because it needs one day to be processed.
January 25, 2020, 07:58:51 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Are you referring to xrp? I dont think banks already set up terms of releasing some digital currency on their own. Maybe some but in our Country it's still on process of studying but there is one already on implementation but the thing is its just like a form of digital with same value as fiat. Very different on cryptocurrency which have their own value. Maybe banks using blockchain is the right term here. Cause they can use it for banking methods.
January 25, 2020, 02:41:51 AM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I think that bank digital currency is also fiat that are being transacted electronically either through different means including digital cards and going cashless.
So, I think is same as fiat and not same with bitcoin and might not take over bitcoin.
January 24, 2020, 09:10:13 PM
Bitcoin arises because it does not want a middleman between transactors, just senders and recipients, or sellers and buyers. And this is the bitcoin selling point.
I think bitcoin will not be replaced by banks because they have a different community. Although sometimes the bank always drops the image of bitcoin which can be considered unsafe. But in fact, banks, they are the losers and gradually make their own crypto with a centralized blockchain.
I think bitcoin will not be replaced by banks because they have a different community. Although sometimes the bank always drops the image of bitcoin which can be considered unsafe. But in fact, banks, they are the losers and gradually make their own crypto with a centralized blockchain.
January 24, 2020, 08:08:30 PM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
That's possible, but I highly doubt that it could 'replace bitcoin' in any way. At the end of the day, they're going to make a currency that has the same price as their fiat money, so not that far from stable coin, I think. And if they does make that happen, it means that the banks will have fully control over the users and are backed up by government. We've already seen a lot of fiat currency as a digital/virtual money. So, it's totally different with crypto currency, no? Well, we're gonna have to wait and see that ourselves whether it may or may not replace the other.
January 24, 2020, 07:58:54 PM
Replace?
What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.
you are right they will make a centralized currency the simple example is stable token or stable coin and the bank cannot be decentralized but centralized because that is once again the blockchain is admired What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.
January 24, 2020, 07:45:11 PM
No it won't. Let us not forget that any bank digital currency will apply specifically to the locale its made for. For instance a Chinese digital bank currency cannot be used in the UK banks or other cou tries banks and as such it won't be able to replace Bitcoin which has a global impact in finance.
January 24, 2020, 07:41:45 PM
Replace?
What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.
What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.
January 24, 2020, 07:31:03 PM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Probably not. If banks are issuing their own digital currency then it will also be a fiat currency only in virtual money, so it is impossible for bitcoin to be replaced because bitcoin is still unique and valuable to the digital currency that is created by banks, and bitcoin is decentralized that no one can control it.that is exactly the main difference of bitcoin and the digital currency created by banks. they still have the full control as it is centralized. whereas, bitcoin is decentralized and you, as the owner, can have the full control of it. if you value your privacy, bitcoin will still be your choice. though at some point, you will need the use of their digital currency, but at least you know already how to deal with crypto. so bottomline, bitcoin can't be replaced by their currencies.
January 24, 2020, 07:26:07 PM
Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
Probably not. If banks are issuing their own digital currency then it will also be a fiat currency only in virtual money, so it is impossible for bitcoin to be replaced because bitcoin is still unique and valuable to the digital currency that is created by banks, and bitcoin is decentralized that no one can control it. 
January 24, 2020, 07:21:29 PM
No. Digital currency from banks may be better for legal issues, but it cannot defeat privacy, uniqueness, technology, and market capacity that is formed from the uniqueness of bitcoin itself. Moreover, the bank is centralized, while BTC is decentralized, so this is the exact opposite.
Highly unlikely. The decentralized ecosystem is not banking friendly concept, so centralized banks will avoid in all costs. Btw, there is coin called XRP, why they should think about second one.
It is true. crypto enthusiasts will definitely prefer XRP, which is decentralized. Jump to: