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Reserve Bank doesn't want to destroy NZ!!!


PlanK
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Linkie

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"Commercial banks might have to compete for deposits by offering higher interest rates, which could lower their profitability."

It could also cost banks profits, lowering their ability to survive financial shocks.

And, in a crisis, "the presence of a low-risk digital currency could increase the probability and severity of bank runs," he said.

Replacing actual cash in the form of banknotes and coins with digital currency appears possible, but cash use remained high, despite it being used only for a minority of payments.

 

So issuing $NZD.RB on XRPL could bring down the entire banking industry and make the crypto-anarchist dream come true!

Stupid BitCon maxamilists think they are gonna change the world.  The power resides where it has always been, the Central Bank.

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On 6/26/2018 at 8:16 PM, PlanK said:

Linkie

 

So issuing $NZD.RB on XRPL could bring down the entire banking industry and make the crypto-anarchist dream come true!

Stupid BitCon maxamilists think they are gonna change the world.  The power resides where it has always been, the Central Bank.

Scaremongering by the old boys.

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