Will Digital currency of Banks can replace the Bitcoin? What is your opinion?

[ironman44]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

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[zhekinsp]

Fiat money is in digital form already and most of the transactions are happening online in these days so being digital is not the problem it is under control of banks or government made the idea in which we need something which is uncontrollable,not hackable and completely transparent while the sender and receiver doesn't need any personal information to be shared.

[Xardasim]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

The stronger the bank, the more useful the created coin. But, in fact, all this is like short-time enthusiasm. Think about it, each bank creates its own money. Besides this money, the bank should establish the places where it can be used. That's why, I believe that there will be a more reasonable solution in the future.

[CjMapope]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

They wont replace "The Bitcoin" haha, but they, i fear, WILL go against its mass adoption
i hate that the banks spent the last 10 years condemning this as an investment that could have changed ALL their customers lives for the better
Meanwhile they have been moving their services to the tech to make themselves look good, crazy patents they have registered for years now with blockchain :/

[watergold]

No, a bank's digital currency will not be able to replace the position of bitcoin because bitcoin is already in the digital market.
If the digital currency of the bank is locked, it will continue to be controlled by the government so that prices can be controlled and will not reach a high level.

[ChrisPop]

My answer is an unequivocally NO unless they can make a cryptocurrency that is even more decentralized by Bitcoin and they have no control over supply and therefore no power to track the spending habits of its users. But  I don't see why banks would spend any resources towards something like this so.. yeah.. in my vision no bank is able to create something even close to Bitcoin as value for the people.

[cytpoway121]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

A lot of people in the crypto sphere like to correlate the banking system blockchain to bitcoin and i see no comparison.

Any bank digital currency has little or no chances of competing with bitcoin on the crypto sphere.

When you talk about replacement, i feel it can't happen, instead such digital currencies will co-exist with bitcoin and offer solutions in their own way.

For example, a banking digital currency will function properly and correctly within the rights and number of the people involved in the banks or country, that perhaps is my opinion

[bobyhodob]

Its imposible for sure bank can add bitcoin to their currency
But bank can use blockchain , I think now they have started developing it to be implemented in their local banks.

[TastyChillySauce00]

each have its own category and userbase, comparing decentralized coin such as bitcoin and any centralized digital currency issued by bank in term of market share is like comparing apple to orange, it's more suitable if you compare these bank issued digital currency with USDT or that sort of stablecoins which are issued by centralized organization as well.

[Dickiy]

The bank's digital currency cannot be sure to replace bitcoin because they are actually amazed by a technology called blockchain and if they feel released a digital currency is only to compete or support bitcoin for the future

[hendra147]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

iam never imagine that's, today some local and international Bank using IBM service to implementaion blokchcian transaction in private blockchain, to handle any daily transaction, but they not use "new coin or create new altcoin" , they just use a blockchain technology to minimize the "fee opearaion" transaction. so i dont think bank will focus at crypto and bitcoin still be number 1 cryptocurrency

[Ozero]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

No, the digital currency of banks cannot replace bitcoin. The digital currency of banks is a digitized common currency of states, that is, national stable coins. Stable state coins perform the same function as their regular currency. They cannot make a profit to their owners, as a decentralized cryptocurrency does. These are completely different directions in cryptocurrency, stable state coins do not belong to decentralized cryptocurrency and perform completely different tasks.

[X-ray]

I dont think so. bank will issue digital currency but it will function to replace the existing traditional paper money that said to be obsolete and instead of replacing crypto which deemed to be difficult, they would enforce the use of digital currency to replace or digitalize their own existing asset of currencies or gold. cryptocurrency, I assume will be safe from these digital currency.

[xiboothrezi]

No.  Digital currency from banks may be better for legal issues, but it cannot defeat privacy, uniqueness, technology, and market capacity that is formed from the uniqueness of bitcoin itself.  Moreover, the bank is centralized, while BTC is decentralized, so this is the exact opposite.

Highly unlikely. The decentralized ecosystem is not banking friendly concept, so centralized banks will avoid in all costs. Btw, there is coin called XRP, why they should think about second one.

It is true.  crypto enthusiasts will definitely prefer XRP, which is decentralized.

[Colt81]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

Probably not. If banks are issuing their own digital currency then it will also be a fiat currency only in virtual money, so it is impossible for bitcoin to be replaced because bitcoin is still unique and valuable to the digital currency that is created by banks, and bitcoin is decentralized that no one can control it.

[CaVO32]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

Probably not. If banks are issuing their own digital currency then it will also be a fiat currency only in virtual money, so it is impossible for bitcoin to be replaced because bitcoin is still unique and valuable to the digital currency that is created by banks, and bitcoin is decentralized that no one can control it.

that is exactly the main difference of bitcoin and the digital currency created by banks. they still have the full control as it is centralized. whereas, bitcoin is decentralized and you, as the owner, can have the full control of it. if you value your privacy, bitcoin will still be your choice. though at some point, you will need the use of their digital currency, but at least you know already how to deal with crypto. so bottomline, bitcoin can't be replaced by their currencies.

[Rengga Jati]

Replace?
What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.

[Mianae]

No it won't. Let us not forget that any bank digital currency will apply specifically to the locale its made for. For instance a Chinese digital bank currency cannot be used in the UK banks or other cou tries banks and as such it won't be able to replace Bitcoin which has a global impact in finance.

[Dickiy]

Replace?
What do you think first of "replacing BTC?" Its value? Utility? Or?
If even banks create their own digital currency, they will make the centralized one, for, they are still under control of the government and also centralized in the system. However, it is different with BTC, it is decentralized. Is the bank able to make a better-decentralized coin like BTC? And make it have the value as high as the BTC? I think it is very difficult. The banks may be able to have great coins, but they may be competitors, but not for replacing. And one to remember, can their fiat digital currency be used for the worldwide transaction without any issues and complicated rules. That is the point.

you are right they will make a centralized currency the simple example is stable token or stable coin and the bank cannot be decentralized but centralized because that is once again the blockchain is admired

[LouVandetta]

Everyone know that the future of economy of the world is connected with digital currency, So the Banks are issuing their own digital currencies and this trend is increasing day by day. Will Digital currency of Banks can replace the Bitcoin? What do you think about it? Share your opinions

That's possible, but I highly doubt that it could 'replace bitcoin' in any way. At the end of the day, they're going to make a currency that has the same price as their fiat money, so not that far from stable coin, I think. And if they does make that happen, it means that the banks will have fully control over the users and are backed up by government.
We've already seen a lot of fiat currency as a digital/virtual money. So, it's totally different with crypto currency, no? Well, we're gonna have to wait and see that ourselves whether it may or may not replace the other.