Will countries or central banks create their own cryptocurrency?

[BrianDCampbell343]

Countries or central banks can create their own cryptocurrency, but there are still many inadequacies. Certainly, government-issued cryptocurrency will not be able to compete with Bitcoin and Altcoin in terms of value and popularity.

[chidiarua]

I think this would be nice. To see governments create their own digital currencies is something I've been anticipating. It would be a boost for the blockchain. And can also help our quest for wide adoption.

[YinShuiSiYuan]

True, they will create their own cryptocurrency. A blockchain-based, government-backed virtual currency that brings the benefits of an international currency that can be used in global trade.

Certainly many countries are working on creating their own cryptocurrencies. They probably do not officially confirm it, but such projects appear. They do so not to be left behind others when they bring in their own cryptocurrencies.

[arikassuja]

yes of course that could happen because all will try to make a digital currency or cryptocurrency so that transactions can be safer and more comfortable and can be done anywhere. so I'm sure the bank will keep up with technology.

[burakdat]

Nope it so hard to mix up with your current business to corporate with other business when usually bank are being owned by a corporation and there are many stakeholders on it. And we know that incorporating their business with cryptocurrency should consider the decision of the group. However, if you are the sole owner and know how to run cryptocurrency then your bank could be a great help in promoting the cryptocurrency especially to those local exchanges. The bank can act as a third party between exchange and its client channeling the payments from clients to the local exchanges.

[Impulseboy]

It is possible that they will because at this point, the crypto world is already too big to be stopped. If banks cannot compete with bitcoins then they probably will just create their own crypto. What do you think?

[Glad108]

We still have to just keep watching to see if this kind of scenario will play out in the future. I won't be surprised though if the banks decide to create their own coins.

[martinholly167]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

if you say that the banks create their own crypto that will be only a regular money but digitalized, the payment and everything based on online and digital

[laracastvue]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

if you say that the banks create their own crypto that will be only a regular money but digitalized, the payment and everything based on online and digital

Even though banks are planning to create their own cryptocurrency, people will still not invest since they already knew that the government will be taking advantage of it and that is the reason they will not invest.

[adpinbr]

Some countries might consider having their own crypto that they can control or manipulate. we can't blame them since they should also be aware of what the transactions are for they might come from illegal drugs or other illegitimate things.

[BartS]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Yes they are going to create their own cryptocurrency but I do not really care about it, I am not going to use it, it does not matter how much they market it or how much they insist it is a better currency than bitcoin, they are never going to deceive me and I am sure I am not going to be the only one, especially if they try to do this as an effort to avoid their own economies to collapse similar to what the governments of Venezuela is trying to do right now.

[Zemomtum]

In my own opinion, I guess some countries, especially countries who are successful will create their own coins for the future, since it's easy to transact and weightless, and also in the future, we'll possibly use electronic money, that's why I believe that some countries will make their own cryptocurrency in the near future.

[kaisa]

Everyone thinks of their own thoughts, they don't talk about the facts and possibilities that occur. the issue that is being formed by the central bank is rejecting cryptocurrency, but some entrepreneurs make their own crypto and claimed their tokens can be used for payment transactions for services or buying goods. I think the rumor about the "central bank digital currency" is still difficult to formulate by the central bank, because their people are not ready to accept it. if there is a country that makes crypto money, then the country is on the verge of a financial collapse or crisis.

[Saldom12]

Yes, maybe that could happen, because if the coin cryptocurrency would develop, it would definitely make their own bank so that it would not happen to other countries.

[Antonina]

I think they will. The future of crypto currency is undoubtedly there, and therefore more and more new crypto currencies will appear

[DiabolicAnt]

I think governments are not really interested in having those. As you said, all the decentralization thing seems not to be liked by them. So, digital currency - yeah, crypto? I'm not sure.

[Apple Mac]

A few countries and central banks have been talking about “digital currency”, and most of them are carefully ignoring the term “crypto”. Fact is- digital currency is not the same as cryptocurrency. These countries/central banks are recognizing the benefits of the digital currency features of cryptocurrency, but they don’t want any of the decentralized uncertainties that come with blockchain-based currencies.
Will countries or central banks create their own cryptocurrency?

Maybe that thing can be possible because we are open to realizations that all things can be possible depending on the span of time and situational factors inserted to it to make it possible to make happen. But I guess in this period of time we currently have, countries as well as central banks are not still up into adaptation and toleration with this kind of currency due to the fact that this type of currency is still up into many issues on it and maybe if those things will be totally wiped out maybe but not so sure, they can come up into certain realizations that maybe they can create their own cryptocurrency.

[7Dyoknga5]

I agree with the governments not wanting the decentralization as it hard to control someone/something without liability.

I have not heard of any technology developed yet that is centralized  cryptocurrency, but I do think it won't be long till governments develop it once they agree on using one.

[ronics]

We can not predict the events in the next few years so for me there is no guarantee of what will happen in the near future, though most people do not know how to use a computer, how can they get the expected cryptocurrency? We can not even say that, in the end it will happen.

[Btcepenbob]

I already seen some banks appearance in cryptocurrency and I think that it will be a step by step process for those bigshots to join cryptocurrency. Banks in our country already approved the in and out of money through cryptocurrency.