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

[Aabcde]

Bitcoin arises because it does not want a middleman between transactors, just senders and recipients, or sellers and buyers. And this is the bitcoin selling point.
I think bitcoin will not be replaced by banks because they have a different community. Although sometimes the bank always drops the image of bitcoin which can be considered unsafe. But in fact, banks, they are the losers and gradually make their own crypto with a centralized blockchain.

[1714735377]

1714735377

[1714735377]

1714735377

[Gozie51]

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

I think that bank digital currency is also fiat that are being transacted electronically either through different means including digital cards and going cashless.
So, I think is same as fiat and not same with bitcoin and might not take over bitcoin.

[bgaf]

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

Are you referring to xrp? I dont think banks already set up terms of releasing some digital currency on their own. Maybe some but in our Country it's still on process of studying but there is one already on implementation but the thing is its just like a form of digital with same value as fiat. Very different on cryptocurrency which have their own value. Maybe banks using blockchain is the right term here. Cause they can use it for banking methods.

[Ahimoth]

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

I think that bank digital currency is also fiat that are being transacted electronically either through different means including digital cards and going cashless.
So, I think is same as fiat and not same with bitcoin and might not take over bitcoin.

Bitcoin and digital cash transfers has different method on their system. Fiat cash has its own program that runs through special registry that is separate from blockchain being used by bitcoin. Cashless doesn't mean it's always a cryptocurrency thing, but digital currency is more faster than regular cash transfers because it needs one day to be processed.

[Obito]

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.

Agree, no matter how frequent people use it as long as it under control of an authority price of it won't change. Beside bitcoin has been in this a long time before many discussion had been addressed with it, but one stands out, and still bitcoin remains at the top. If ever bitcoin would be replaced, it would be a cryptocurrency as well, and not by banks digital currency.

[topbitcoin]

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

Digital currencies, i think there are a lot of platform already, like Paypal is digital currency wallet too right ?    To replace bitcoin, it is better if each currency have their each advantage, like bitcoin still not good at payment, it is ok as long bitcoin still can be assets of investment.

[adzino]

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

Digital currency as a currency that will be blockchain based or just a regular digital currency that will be pegged with USD? If it you are talking about the latter, it does exist and it hasn't replaced bitcoin, has it? If its going to be a blockchain based currency, then still it won't. Most of the people uses bitcoin because its decentralized and gives people financial freedom. A diigtal currency created by a bank won't be having such features thus making people reluctant to use it.

[salad daging]

they have not confirmed directly to be in crypto exchange as a whole, their use remains the same as fiat and only represents the mechanism of digital payments. The existence of government / bank digital coins is still in the same price, actually it will make many people will recognize bitcoin because it uses blockchain technology with a different system.

[duuuuude]

When it comes to such things then I always say - look at the cover of the 1988 economist magazine and think about it. If globalists want and agree with bankers and corporations, then it is obvious that the dominant cryptocurrencies to one degree or another will replace fiat money.

[albrots]

Digital currencies made by banks (Fiat) and Bitcoin (purely cryptocurrency) These are two distinct things that are obviously different though both digital assets and blockchain systems use. In my opinion although as powerful as any digital currency made by the bank with all its legality still will not be able to rival Bitcoin even though the price for example Bitcoin is under Fiat. Why can the original nature of the altcoin in particular this bitcoin is a different an anonymous with Fiat which there is required original data and all transactions can be recorded, both the sender and the receiving, although in Bitcoins have a fixed ledger is not Benchmark. And another important thing is that Bitcoin has already been born first in the digital market, Bitcoin is formed from a digitally and high tech code, while the Fiat is derived from the design which mimics the Bitcoin. And I think Bitcoin and other altcoins can not be replaced by digital assets that are made by banks. Indeed a product must have a minus plus its, I assume that the digital asset created by the bank will certainly not be as perfect bitcoin.

[masterrex]

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 it would not, lets compare between the two "digital currencies" start with the Banks centralized digital currency are obviously backed by stable assets and it wont fluctuate much so its a form of stable digital currency, while Bitcoin is a full pledge decentralized cryptocurrency and it will subjected to high fluctuation meaning its value can go high and low in matter of time, and because of that function Bitcoin was gaining more users and investors because of its " high risk but high returns" potentials. 

[fuer44]

in terms of usage, I think it can. because digital currency from banks is likely to be equalized by fiat, so the price will adjust to the fiat exchange rate. and for real use cases, maybe digital currency banks will be more widely used. but in terms of investment, I think bitcoin will still be number one.

[mobilestrike]

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

In the worried of decentralization the banks are trying to start their own currencies. They will start their coin and will formulate their rules and regulations according to the crypto currencies and a system will be started in these banks but as people love to adopt bitcoin and other coins are not better for them than bitcoin so the banks will in the last come to adopt bitcoin as they will familiar with the crypto system because of their own coin and adopting bitcoin will not be then hard for them.

[Magkirap]

in terms of usage, I think it can. because digital currency from banks is likely to be equalized by fiat, so the price will adjust to the fiat exchange rate. and for real use cases, maybe digital currency banks will be more widely used. but in terms of investment, I think bitcoin will still be number one.

The usage of digitalized fiat currency and the cryptocurrency can be different so it will be hard to compare both of them but i agree that in terms of using it in your daily life digital currency in banks can be more convenient than crypto for we don't know if the stores we go will accept cryptocurrency so in terms of usage fiat still dominates crypto but like what you have said when you want to invest then go for bitcoin. So my conclusion is it's still Digitalized fiat/ Digital currency from banks will still sits at the top for some time until most of people can habe their own devices

[Bim abk]

in this industry it will be difficult to replace bitcoin in its position and usefulness, it is possible that local people will use a lot of platforms from banks but for crypto users it would be better to use bitcoin and will remain the main coin.

[n0ne]

In most of the countries digital growth is under progress, but this doesn't talk anything about cryptocurrency usage. The importance is being provided for cashless transactions. In particular credit/debit card transactions as well as cash transactions in the form of digital cash is being promoted. Use and promotion for cryptocurrency usage was in its very early stage, upon which replacement of banking system with bitcoin isn't possible for now.

[Adriano2010]

Will not replace crypto, the banks try only to make new ways to have faster bank transfer probably to be fast as crypto transfer, but crypto will still exist even if banks make their own crypto currency who is backed by fiat money.

[traderethereum]

I don't think so. Banks create their digital currency because of they want to have currency in the cryptocurrency. And because they cannot control bitcoin or altcoin, they create a digital currency in which they can take full control of their currency. Maybe their currency will be more stable than the bitcoin or altcoin, but the price is not moving too high or too low compared to the bitcoin and altcoin. Although the banks can create their currency, it won't affect too much with bitcoin because bitcoin will still be the leader of the cryptocurrency.

[affandi]

it's too early to talk about comparing or beating. they are different, bitcoin is decentralized, while the bank's digital currency is centralized. both of them may have the same function, but still in their respective versions. at this time, let them provide benefits to each user.

[o48o]

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

Why would they replace it? Centralized digital currencies aren't a new thing. They are build on completely different fundamentals. Power of Bitcoin comes from the decentralization and the permissionless transactions it has because of it.