Altcoins Talks - Cryptocurrency Forum

Further Discussions => Banks & Cryptos => Topic started by: sirty143 on June 08, 2020, 04:52:56 AM

Title: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost
Post by: sirty143 on June 08, 2020, 04:52:56 AM

Fed Paper: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost

(https://i.imgur.com/sTat8s8l.jpg)

Central bank digital currencies might one day replace commercial banks. But that comes with risks, according to new research... See more for yourself here (https://www.coindesk.com/federal-reserve-research-central-bank-digital-currencies-commercial-banks).

Your opinion is greatly appreciated.

Title: Re: Central Bank Digital Currencies Could Replace Commercial Banks – But at a Cost
Post by: Noverteno on June 21, 2020, 07:46:51 PM

It is unlikely that this will ever happen. The digitized national currency of states will to some extent supplant ordinary currency, including paper money. However, in my opinion, it cannot replace the work of commercial banks. Banks perform much more functions than a stable central bank coin.