European bank turn to Bitcoin

in #bank8 years ago

Wall street journal reports that global banks have to radically rethink their attitude to Bitcoin and think about the issue of their own cryptocurrency.

 Now the Bank of England and Canada are studying the possibility of introducing e-currency, which could radically change the existing financial system, the newspaper said. 

"Banks simply can not compete with digital money", - said the head of the central banks to the IMF, Peter Stella.

Experts believe that with the help of digital currency controls are constantly stimulate growth in the range of three percent of GDP, and to acquire an effective tool to mitigate the sharp ups and downs of business activity.