This is a funny prediction for me but I think Governments will just support Ripple instead of creating their own cryptocurrency.
Some of the banks are government related and Ripple is supported by banks. Why would they create their own crypto if there is already a crypto that they can support anytime but anyway, we can't predict the future. They can create one but I doubt that there will be supporters of the coin.
Topic: Will governments create their own cryptocurrency that will replace fiat? (Read 39328 times)
June 29, 2019, 02:25:28 AM
June 28, 2019, 06:39:15 PM
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
I really agree with what you say in your opinion and of course there will be legality from the government and with the legality of course investors will be more comfortable and the interest to invest will be bigger and grow and crypto currencies will grow more rapidly June 28, 2019, 05:42:51 PM
A question can also derived from this question, what if government persist to hold bitcoin and be regulated by them? Another thing also, I'm thinking about a conspiracy theory, what if government is behind the invention of Bitcoin? It might be conspiring but what if it may sense.
June 28, 2019, 05:36:23 PM
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
it could happen and no one can know for sure possible with the government that plays a role in security and stability of the crypto currency will be better and investors' interest to invest becomes greater June 28, 2019, 03:26:37 PM
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
It can happen in countries with the worst economy. The huge inflation can make the government take a decision to start creating their virtual currency and save the country and its people from poverty.
No they will take charge as demonetisation to solve that issue. If any government have the idea to create the digital cryptocurrencies will be good for them to sustain in this competitive world in future years. There is no pic possible days to sea digital currencies from government.
June 02, 2019, 03:57:26 PM
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
It can happen in countries with the worst economy. The huge inflation can make the government take a decision to start creating their virtual currency and save the country and its people from poverty.
June 02, 2019, 02:31:55 PM
Not now but in very near future they will many say not so soon but i think it will happen sooner than we can expect it we have big adaptation process so it will happen to believe me but int not so easy of course.
Many government still do not know elaborately about the cyptocurrency and also they do not eager to know about it and also many country still not accepted it and many country approving and banning so it is not possible to create such a crypto currency by governments. May 30, 2019, 10:57:14 PM
Some governments will create their own cryptocurrency, which will be similar to the stable cryptocurrency of their currencies. However, such a cryptocurrency will not have the goal of replacing national paper money, and indeed it will not be able to replace them. Such a centralized cryptocurrency will exist in conjunction with the paper money of the states and they will go together in society. I do not even think that such a cryptocurrency will conflict with a decentralized cryptocurrency, since they have completely different tasks and functions.
May 30, 2019, 10:26:58 PM
Already electronic cash and all other advancement in the banking system has got used by common people around the globe. Governments focus is always to keep the people under their own control, this isn't possible when the currency is developed through blockchain. This way more contradictions will take place in between and very few number of countries will go with perfect cryptocurrency while the majority just release tokens.
May 30, 2019, 10:19:08 PM
I believe this will happen. The world is moving from paper reliance to paperless systems. Usually, utility bills and other periodical bills give the customers option to get their bills via email or other electronic copies. This is the case also in online purchases. They usually just give the customers a copy of the receipts and other documents via email.
But it will happen in so many years, Because we are in the high technology are already used by almost people and maybe for the purposes of their online transactions only. But i think its not easy for them to create their own cryptocurrency, because they maintain their fiat. May 30, 2019, 08:58:02 PM
I believe this will happen. The world is moving from paper reliance to paperless systems. Usually, utility bills and other periodical bills give the customers option to get their bills via email or other electronic copies. This is the case also in online purchases. They usually just give the customers a copy of the receipts and other documents via email.
But it will happen in so many years, Because we are in the high technology are already used by almost people and maybe for the purposes of their online transactions only. But i think its not easy for them to create their own cryptocurrency, because they maintain their fiat. May 29, 2019, 03:42:39 AM
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
May 28, 2019, 04:59:24 PM
This is also likely to occur if there is a major change in the financial system and also the banking industry has new appeal and is also more practical and also safe so that in the next few years paper money is rarely used. I speak my own country where the development of digital payments is quite large now
May 28, 2019, 04:49:00 PM
I think every state in the future will create its own digital currency. Although these currencies are similar to Bitcoin, they will not have the same features. The money of the states will surely remain central, and they will not have a decentralized currency such as Bitcoin.
Such coins will be useless and will eventually crash just like their fiat, governments seem to think that we are dumb, that as long as they create a similar product in appearance but different in its characteristics we are going to adopt their coins and forget about bitcoin, and that is not going to happen, if they were responsible from the beginning and did not manipulated the economy by printing money we will not need bitcoin but since they have proven they cannot be trusted this means I will never trust them again with my currency. May 28, 2019, 12:43:28 AM
fiat will not be replaced by the government and the government will not make its own cryptocurrency because it might be a system that worries the country's finances about hacking and there are many more reasons the government will not replace fiat because it will not happen even though the legal cryptocurrency
I agree. fiat is still very useful at this time. especially for developing countries, of course there are still many traditional markets that are difficult to replace crypto, starting from supporting factors and human resources. 
May 28, 2019, 12:32:56 AM
fiat will not be replaced by the government and the government will not make its own cryptocurrency because it might be a system that worries the country's finances about hacking and there are many more reasons the government will not replace fiat because it will not happen even though the legal cryptocurrency
May 28, 2019, 12:00:20 AM
i am not expecting any government to create a cryptocurrency of her own but to receive the created one and allow it an approval to replace the fiat.
government created cryptocurrency is not sure to be better the existing ones and could even be made diversified and thereby not producing the result of the purpose.
government created cryptocurrency is not sure to be better the existing ones and could even be made diversified and thereby not producing the result of the purpose.
May 27, 2019, 11:48:42 PM
Governments will never change fiat to crypto because the adoption effort is to big for everybody.
May 27, 2019, 05:34:14 PM
I don't think any government would invest in creating a whole new cryptocurrency just to replace its fiat currency in case cryptocurrencies are legalized. It's way better to go with cryptocurrencies that are secured and already functioning in the cryptosphere. Creating your own blockchain with its cryptocurrencies makes the project more vulnerable to hacking and cyber theft.
May 27, 2019, 02:33:26 PM
If governments will create their own cryptocurrency, this will not be done to replace national money. It will actually be the same national money, only in the digital shell. Such a centralized cryptocurrency will not be able to replace cash, they will walk in the state in parallel with each other.
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