Post
Topic
Board Economics
Re: Swiss Franc become a new Cryptocurrency ;D
by
benalexis12
on 07/11/2023, 14:20:01 UTC
The Swiss National Bank has launched a program to digitally transform the Swiss Franc into Cryptocurrency.
Five banks are participating in the experiment, including UBS (Credit Suisse went bankrupt, as we know).

https://goldblum.ch/news-and-media/swiss-franc-is-becoming-a-cryptocurrency

As far as I can see, this also has a negative impact because it will further push the concept of centralization, which will reduce the benefits that can be obtained from decentralization. I just don't know if other communities here know this.

But the positive impact that it brings is that it will reduce volatility, and it will also increase transparency through the cryptocurrency concept. Last but not least, adoption will also increase, and when that happens, its liquidity and utility will also for sure rise.