Altcoins News

Story: Governments Corporations and Decentralized Projects Competing to Control Cryptocurrency

By Maheen Hernandez

1 / 11

While cryptocurrency might be the future, there are questions as to whether it is possible to sustain itself with mining and all other maintenance parameters.

2 / 11

Ex-CFTC heads proposed a blockchain-based digital dollar given the Decline of the USD.   They were talking about a government-sanctioned blockchain technology-based…

3 / 11

The digital dollar that they are talking about will be backed by the USD and will function as a stable coin usable for daily transactions domestically and abroad.

4 / 11

This proposed monetary system will hold advantages over the existing financial system.  However, the system will be reliable on “trusted, regulated intermediaries to…

5 / 11

Giancarlo and Gorfine are the pilots of this proposal, and they state that this system will provide for higher transaction speeds and will facilitate micropayments.

6 / 11

In the current scenario, the pilots of the project proposal have a clue on whether there is a “no perfect solution exists to address the challenges and promises of digital…

7 / 11

De-dollarization is an evolving trend. Several countries are focusing on less dollar usage for international transactions.

8 / 11

The battle between the Libra and the USD is brewing and continuing underway.  In the current scenario, the question is not whether the digital coins will go mainstream.

9 / 11

The US government has a fear about the progress of China in the process of launching a Chinese Yuan.  The Federal Reserve might be issuing a digital currency of its own.

10 / 11

A lot of stable coins which are collateralized with the stable coins are becoming popular.  And decentralized enthusiasts are happy about a stable exchange media.

11 / 11

Governments, corporations, and decentralized projects are competing with each other to take a dominant control over the future of the cryptocurrency.

The Currency Analytics

Want the full story?