Post
Topic
Board Economics
Re: Cryptocurrency could benefit the world's economic welfare?
by
aso118
on 29/07/2018, 22:08:07 UTC
Canada and the United States economic welfare may come through cryptocurrencies. Canada's Central Bank has published such a paper. Only the economic development of these two countries? Or cryptocurrency can bring economic welfare all over the world.

https://www.coindesk.com/central-bank-crypto-could-bring-economic-gains-bank-of-canada-paper/

What do you think about the economic world of cryptocurrencies?

Governments all over the world look for means to improve efficiency in benefit delivery. If cryptos can provide a means to do so, then there is no reason why countries wouldn't adopt them. In this particular case, the gains talked about are brought about due to the elimination of cash. I am not sure if that is a desirable (or even possible) thing to do.