Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions
I think that bank digital currency is also fiat that are being transacted electronically either through different means including digital cards and going cashless.
So, I think is same as fiat and not same with bitcoin and might not take over bitcoin.
Bitcoin and digital cash transfers has different method on their system. Fiat cash has its own program that runs through special registry that is separate from blockchain being used by bitcoin. Cashless doesn't mean it's always a cryptocurrency thing, but digital currency is more faster than regular cash transfers because it needs one day to be processed.