Post
Topic
Board Altcoin Discussion
Re: China Becomes First Country in the World to Test a National Cryptocurrency
by
kryptqnick
on 02/07/2017, 12:52:11 UTC
Over 260,000 stores in Japan will begin accepting Bitcoin as legal tender this summer, and big banks like Santander have announced plans to develop their own version.
The ideas of using cryptocurrencies for charity seems good but I don't understand the line above on Japanese stores. Aren't the stores supposed to receive the money transfer confirmation? What to do with btc long confirmations in a store? Take the risk?
As for Chinas own cryptocurrency - I guess it is an attempt to take cryptos under control in that region and, as it is impossible to control bitcoin, the government wants to overcome it.