We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins bitcoin out of the market.
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https://zycrypto.com/banks-going-kick-bitcoin-new-coin/Blockchains that are run by banks are probably not open ledgers and theyre definitely not decentralized. Bitcoin and other decentralized cryptocurrencies have those two things that will separate them from a blockchain or coin run by a bank or government. I think the two things can exist but will have completely different purposes. Freedom, security, and privacy are things that Bitcoin provides while also being transparent in the way it operates. The banks will never be able to provide this because they will always have access to our funds if they run the blockchain.