PwC: In digital assets, ‘can currently be used only in digital currencies’ – Bitcoints

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Published on August 1st, 2018 | by bitcoin

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PwC: In digital assets, ‘can currently be used only in digital currencies’

PwC: In digital assets, ‘can currently be used only in digital currencies’A PwC Switzerland executive said that among the various types of digital asset, only digital currencies are can reasonably be used at present, according to a post on the PwC website July 31.
In the post, Roland Stadler, Senior Manager and Data & Analytics Specialist at PwC Switzerland, claims that while digital assets “seem similar at first glance,” on closer inspection they differ.
Stadler makes a distinction between “digital assets” and “currencies,” because “only a few” can be considered currencies in the “literal sense of the word.” He then divides digital assets into three types; currencies like Bitcoin (BTC), utility tokens, and security tokens.
According to Stadler, currencies like BTC are both a payment instrument and a payment network in equal measure, which can be used without the involvement of a central institution.
Having defined the various types of digital assets, Stadler concludes that currency-like digital assets are currently the only useful ones, despite speculation on them in digital currency markets.

Source: Cointelegraph.com

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