Under the saying “do as I say, not as I do” , the Central Bankers all of a sudden love the efficiency and benefits of cryptos for cross border payments.
Hmmm....isn’t that like using Litecoin instead of Western Union as a use case ?
We are seeing the need for the Central Banks to embrace cryptos — or should we say “their own cyrpto’s”. This means their own digital currencies. The kind that they can print and print, not like a limited supply of Bitcoin. They like to have total control and the printer on high.
I think these Central Banks and Banks have no choice. It’s like a choice between sticking with the “horse and carriage vs a car”. They can see that crypto’s are more efficient than the current system.
This is a big market for Banks and only growing, as you can see in the charts below:
They are looking at several Central Bank Digital Currency (CBDC) Models. More to come.
yes they are proving that crypto is the better payment method, but they will be using their own coins at start
Yes, we have to realize that for some time there will be many cryptos in various countries being used by individuals, companies and governments. At least I think so.
This post has been upvoted for free by @minibot with 5%!
Get better upvotes by bidding on me.
More profits? 100% Payout! Delegate some SteemPower to @minibot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
hopefully, they involve remittance as well because that is a big no-no, for the time being, they run away from the sound of crypto in the remittance market and that's where its needed the most.
I think we will be seeing many changes in 2019.
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq