Central banks explore blockchain to create digital currencies

[Guest Dizer]

Interesting tidbits:

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Countries around the world — the UK, Russia, Canada, Australia, China and many more — are examining how they might mint their own digital currencies and put money on the blockchain

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At the Bank of England, radical options are being discussed. One scenario even involves the blockchain being used to bypass high-street banks, with individuals holding accounts directly with the central bank, cutting out the commercial banks’ role as middleman in the circulation of money

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When a move to official digital currencies might occur is hard to estimate, he says, but a switch could happen within the next five to 10 years

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“It’s inevitable there will be a government digital currency, eventually,” says Kenneth Rogoff, a professor at Harvard who studies the concept of a “less-cash” society. He believes that cash will never disappear, and that there will always be a role for small notes.

“Eventually, there will be government digital currencies that ordinary people have access to at very low cost.”

https://www.ft.com/content/f15d3ab6-750d-11e6-bf48-b372cdb1043a

[Live4xrp]

That's where ILP comes in ;-)

[Guest]

This is music to my ears...