Post
Topic
Board Bitcoin Discussion
Re: Is there any real use for bank-backed cryptocurrency ?
by
Xising
on 13/04/2019, 10:32:34 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   

I think you do not have to find more functions for cryptocurrencies because, even at its current state, there are so many uses that people in the market can do with it from investing, trading and storage to name a few, which all have the capacity to yield good returns. So , as for the function aspect, I donp not think we need a new use. However, I think the critical difference lies on the trust factor that people might give to a bank-backed coin. Since banks are usually trusted by the community, any product it carries can have that chance of having that same trust spread through them.