Post
Topic
Board Altcoin Discussion
Re: Switzerland is launching its national crypto-currency( E-franc)
by
yndye
on 15/07/2018, 11:19:46 UTC
The matter is at a very nascent stage and nothing has been confirmed yet. The lower house of parliament has asked for a detailed study on it and based on that study, decision will be made. Also the crypto market will not be benefited even if Switzerland finally decides to launch it because it will just be a digital form of the government backed money. It will not help bitcoin or any other altcoins to recover their market cap. Not particularly cheering news!

It maybe good for the introduction of blockchain technology but as for cryptocurrency market, it would have no effect because as what is stated, it is still controlled by the government and most likely a private blockchain. I can see that in the future more countries would consider adopting blockchain technology and maybe make their own cryptocurrency to compete with those decentralized cryptocurrencies because it would be efficient to use than fiat given that we are almost depending on technology in all aspects of our lives.