Quote from: sana54210 on November 10, 2019, 07:26:41 PM

Quote from: posi on November 07, 2019, 12:48:18 AM

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Since bitcoin has become so terrifying to them, these are just methods being derived by these countries to flood the market with centralized currency and the reason why they are quickly doing that is because of the people that are yet to know about bitcoin in their own country which I know it is still quite much, so they want to quickly introduce the coin to them, but I believe they will fail in this their centralized projects.

This is not the first time we are seeing all these centralized projects, many of them has been released as we can see that we have close to 3000 projects in the market which most of them have even promised to do better than bitcoin, but even with all their promises, there is still nothing to write home about as many people would still prefer to use bitcoin.

The last time i checked Turkish was not terrified by bitcoin but the Chinese government and i believe the reason why most of the countries are planning to create their own national currency was because of the cashless payments which have increased over the years and crypto offer almost immediate, safe and cheap transaction (the reason for the increased in numbers of crypto user in the US is a good example).

Quote from: bettercrypto on November 09, 2019, 09:45:14 AM

Quote from: posi on November 07, 2019, 12:48:18 AM

After announcement of the creation of own national cryptocurrency made by the Chinese government another country (Turkey) also joined the race of creating their own national digital currency name Lira, which was the first basic monetary unit used by Italian and Turkey before the introduction of Euro in the year 2002.
Source
I believe the reason why country are planning their own national crypto was because the IMF boss advised and the question is will more countries also creating their own national cryptocurrency?

Will see it if ever it successfully launch in 2020. This will be a great news because the countries gradually embracing the beauty of digital currency. Turkey is a large country and I am sure if it will enter this industry, then it will be benificial for cryptocurrency users and traders. Regardless with the competition in libra and bitcoin, I think soon the development from digital currency will arise.

Yes, this is will be huge plus for to the crypto sphere but i don't see any form of competition between Libra coin and bitcoin cause Libra is just an altcoin which it future success level is not even guarantee.