If banks and governments create their own cryptocurrency, will the people still be the ones to give value to it like Bitcoin and will we be able to store it in our own ledger to protect our own money?
The cryptocurrency of governments and their banks will simply be one of the types of cashless payments. The external design will be different, but the essence will be the same: it will be money controlled by the state and the state will own all the information about their user. It is assumed that it will mainly work on blockchain technology and will have improved characteristics in comparison with conventional currencies of states. However, we have not yet seen how central bank stablecoins work in practice.