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Learning & News => News related to Crypto => Topic started by: newshunter on July 15, 2022, 07:00:26 PM

Title: UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
Post by: newshunter on July 15, 2022, 07:00:26 PM

UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology.

Source: UK’s government-backed Millicent Labs demos a retail full-reserve digital currency (https://cointelegraph.com/news/uk-s-government-backed-millicent-labs-demos-a-retail-full-reserve-digital-currency)

Would appreciate your opinion about this

Title: Re: UK’s government-backed Millicent Labs demos a retail full-reserve digital currency
Post by: Alcor on July 16, 2022, 08:23:27 AM

Blockchain and cryptocurrency have opened up a wide opportunity for improving the current non-cash currency of states. Therefore, various experiments will be carried out and some of them will certainly be successful. This will also have a positive impact on the cryptocurrency market, because people's confidence in them will increase due to the loyal attitude of states towards it.
I am sure that similar studies are or will be conducted in many other states.