Published on August 1st, 2018 | by bitcoin0
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.