RATE Group | The Race Is On To Become the World’s Digital Reserve Currency. Who Will Win?
83015
post-template-default,single,single-post,postid-83015,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The Race Is On To Become the World’s Digital Reserve Currency. Who Will Win?

15 Mar The Race Is On To Become the World’s Digital Reserve Currency. Who Will Win?

Posted at 15:20h in Bitcoin News by

[ad_1]

The Race Is On To Become the World's Digital Reserve Currency. Who Will Win? 101
Source: iStock/cmannphoto

___

The Race Is On To Become the World's Digital Reserve Currency. Who Will Win? 102

Keld van Schreven is the Managing Director and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company.
____

Central Banks are excited by Bitcoin’s dramatic innovation, its blockchain technology and the potential for Central Bank Digital Currencies (CBDC). However, they are also cautious as Bitcoin has a reputation as the badlands of financial services, used by drug dealers and money launderers, not upright citizens and certainly not central bankers.

So after the Bitcoin innovation what have been the catalysts for Central Banks to act? One word. Libra. Facebook’s Libra caused Central Banks to panic around the world by announcing it would launch its own digital currency. Libra could become the global default crypto with two billion people having instant access to it just by having a Facebook account. Governments around the world threw their arms up in horror. France and India immediately banned it. Libra doubled…

[ad_2]

Source link

Tags:
, , , , ,