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January 10, 2020, 02:23:50 PM |
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I see there's lots of news flash regarding it. Help me understand, why the hell is this so exciting for some of you.
My point of view, o why I give zero Fs on that:
- ECB's coin in its true essence would simply be another stable coin. And yes - the issuer would be much more reputable than, say, Tether.
- Faster payments? Yes, but only among cooperating parties, 'cause in order to exchange your ECB's coin to a fellow fiat EUR you'd basically have to struggle through the same clearing times for SEPA, SWIFT. This doesn't look any different than it is now - if a merchant supports crypto payments, you will be able to pay for goods n services in crypto speeds.
Help me understand the hype here...
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