Post
Topic
Board Economics
Re: A global currency may be powered by the blockchain
by
GregH37
on 10/10/2018, 06:17:05 UTC
Have you ever heard about the "One World Currency" that will be used in the New World Order? Well, it's believed that such currency may be powered by a blockchain which is in the hands of Banks and Governments worldwide. As this technology has been proven to provide borderless payments in a fast and cheap way, it's the perfect way to upgrade the existing monetary system into one that's highly efficient, transparent, and controllable by the world's authorities. In addition, blockchain not only works for tracking money, but also property, supply chains, and more.

As such, there could exist a global currency in the future which makes use of Bitcoin's blockchain technology. After all, the latest buzz has been all about blockchain, and banks, as well as governments, have become interested in it. Before we know it, everything will be digitalized as our personal, financial, and medical information will be stored in a microchip and verified by one global blockchain network.

What are your thoughts? Roll Eyes
About banks and government i have a doubt since crypto currencies are volatile they'll not accept it. It might be global currency but only for internet users.
This is actually about seeing the banks and government creating one single currency to be used worldwide. Now, the question actually is that which bank will come up with this, and how are they going to be able to put up a framework or infrastructure to be able to let the whole world come to terms with the idea of using a single currency.

Apparently, this would just be a single centralized currency that would be controlled by maybe one world power by then, and in the case where the whole world is not under the same government, we have more independent countries these days that can as well just come up with their own currency on the blockchain, I see it hard to get something like this possible in the long run.