Once central banks themselves go crypto, the choice between a virtual currency and one backed by a central bank will become a no-brainer.
Cryptocurrencies aren’t money assisted by code – they are monied code, digital assets that have been created as, are transacted as, and continue to be data only.
The jury is still out on whether Satoshi Nakamoto is a real person or group. What’s certain is that he (she/they) have the global financial world in the midst of an upheaval.
Vtalik Buterin created Ethereum as a means of making cryptocurrencies more accessible and usable, and with a speedier decentralized network.
Unlike Bitcoin and Ethereum, Ripple was created originally as a payment network for real-time transactions that would attract financial industry captains.
Litecoin resembles Bitcoin more so than any other cryptocurrency. However, the main difference between the two is the speed and efficiency – favoring Litecoin!
It appears that the ECB have won the war on inflation and are expected (by speculators) to begin tapering back in September. The Bank of Japan had no such luck.
“I closed my eyes, shut my nose, and voted Trump”, a good friend told me. To my question of why, he answered “Because of my business”.
People have confidence in Switzerland’s central bank, and the country has always had a low rate of inflation. The Swiss Franc is the sixth most traded currency in the market.
Banks and financial institutions have been under a lot of scrutiny due to the recession that a lot of parties blame on the banks due to their greediness.