Post
Topic
Board Bitcoin Discussion
Re: Is there any real use for bank-backed cryptocurrency ?
by
Guvn0r
on 12/04/2019, 14:40:41 UTC
Beginning with the fact that cryptocurrency was originally built in some sort as a mean to avoid banks and the bureacracy related to those kind of thing, is there any use for bank to launch their crypto, why would people who are searching for a non-centralized way to manage their asset to join centralization expert like JPM or other   

There was a serious discussion over at Indian central bank (RBI) about cryptocurrency, there was widespread rumor that the govt was interested in a centralized coin which can for some extent replace paper currency. Having said this, I don't think there is anything for our community to be excited about such a coin because it defeats the purpose and vision satoshi had when he first made BTC.

Then as a practical use for crypto in banks, they can use a stablecoin to do International money transfers which I think is more easier than traditional wire transfer.