Q. Will countries or central banks create their own cryptocurrency?
bhumik

The Programmer


Will countries or central banks create their own cryptocurrency?


bitcoin-cash
5

Answers

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24

Feb, 2018

Cryptocurrency
 103.36 q
5 Answers
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  • mortdeus

    I really doubt they will try to create their own cryptocurrencies; rather I think they will try to buy technologies related to. Especially when it comes to blockchain. It’s important to note that blockchain and cryptocurrencies aren’t mutually inclusive. Blockchain is an important innovation entirely in it’s own right, especially as it applies to the finance industry. I think that is what we will see more of. ( i.e Bank of America using blockchain to improve security and verifiability when automating financial transactions [thus speeding the whole process up] vs Bank of America trying to make a BofA Token)

    The same goes for blockchain being adopted by the government. I can easily see blockchain being used in a way that makes the IRS essentially redudant.


       

    answered by

      4.95 q
  • ethereum

    hashgraph?


       

    answered by

      5.92 q
  • keith

    YES and that is a good thing.

    They will create them and hopefully educate the public at large. Adoption of cryptocurrencies is what we all want.
    Once adoption is in place people will realize that they don’t have to use the currencies that are issued by the state/Goverment.
    They can use private ones too ;)


       

    answered by

      9.8 q
  • mefjiu

    yes, it’s even happening.


       

    answered by

      41.36 q (claimed)
  • hishak

    Venezuela has launched one backed by oil. A handful have created one and are waiting to see the adoption. Other countries have talked about it in terms of a way to pay your taxes! The interesting thing will be to see which are serious enough to attempt to replace their fiat currency, instead of having the cryptocurrency act as another currency.


       

    answered by

      50.13 q

Asked in Category

Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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