A future for banking in a cryptocurrency-dominated world? Yes or No? – Bitcoints

bitcoin

Published on October 11th, 2017 | by bitcoin

0

A future for banking in a cryptocurrency-dominated world? Yes or No?

What is the future of banking, central banking and financial intermediation in a world in which cryptocurrency is dominant?
Government prints the money, controls its supply, imposes legal tender and regulates against the enforcement of contracts denominated in unofficial currency.
And second, most of this money has to be held in some way in the banking system.
If you take away both of those, the cause of central banking has a serious problem pursuing any form of monetary planning at all.
The model of a new world of banking and credit is already revealing itself.

Source: Bitcoinmagazine.com



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑