Bitcoin Forum

Digital Currency by Central Banks is Hot Air

Financial experts will gladly tell everyone who wants to hear it how superior digital currency issued by central banks can be. It has to be said, this type of currency can be quite powerful as it has the potential to disrupt the financial ecosystem completely, and even change the way monetary policies are drafted. Then again, no one ever needed a digital currency issued by a central bank to showcase this, as Bitcoin is perfectly capable of achieving the same goal.

People have to properly understand what a central bank-issued digital currency does, which is not being highlighted by any media outlet right now. This form of digital currency works the same was as cash or card payments work: transactions are routed through the bank network while the end user still has no control over their finances.

http://www.newsbtc.com/2016/03/14/exposing-the-truth-behind-bitcoin-clones-issued-by-central-banks/