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/Quite promising but it seems not that strong enough for me. Remember that one of the main reasons why people use bitcoin (especially before) is to free themselves from the regulations of banks. So I don't really think that they can beat bitcoin in its spot in this industry. Cryptocurrency is really a large playground of different coins so this newbie will make its reputation but we can't say any more unless it prove itself in the market. Until then, let's just focus more on our strategy and watch out for this new competition.