Post
Topic
Board Economics
Re: A global currency may be powered by the blockchain
by
0t3p0t
on 18/10/2018, 02:43:17 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
This is something like Ripple as it is a centralized digital money based on blockchain technology. I don't think if cryptocurrency enthusiasts, traders and investors will be adopting such one world currency because all we want here is decentralization since we are talking about our privacy with our assets. I think one world currency is only good to be used for daily basis and not as an investment purposes.