IMF: Bitcoin could reduce the demand for conventional money
Source:
This month, the international monetary Fund has published a report on the cryptocurrency. The document lists possible ways to replace Fiat money, digital assets, reports . The IMF concludes that in the future the crypt can significantly reduce the demand for Fiat.
theCryptocurrency will replace the notes
In recent years, Bitcoin has received a lot of flattering words from Christine Lagarde, managing Director of the International monetary Fund. The main cryptocurrency has also appeared on the first page of the IMF website. The key issue of the recent report of the organization was the question of the effect of crypts on a Fiat.
A paradigm Shift in the financial sector could mean the beginning of the creation of new payment methods in the digital age. So we can re-pass the entire chain, from credit money to commodity money. If cryptocurrencies will create a more efficient way of exchange of values, in the future the role of banks in the financial system will fall sharply.
The IMF allows banks deal with the onslaught of Bitcoin by creating your own digital assets. Financial institutions have the right to receive its share on the stock market, especially if it will bring back the trust of ordinary citizens to the banks.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
In the state Duma proposed to hold elections of the mayor of Moscow on the blockchain
At the end of March the head of the Central electoral Committee Ella Pamfilova about the intention to hold the next elections according to the system based on the blockchain. She said that the creation of such a system is her pers...
Russian cryptomeria. In Kalinovo, farmers abandon the ruble in favor of the cryptocurrency
Real cryptanalyse occurs even in the Russian province — farmers from the village of Kalinovo massively buying local cryptocurrency. Colin the coin here is used for internal calculations between villagers, he said . the Cryptocurre...
CEO Nasdaq: cryptocurrency is now at its peak
General Director adena Friedman, Nasdaq is confident that crypto-currencies are at the top of its popularity. According to her, in a short time the crypt will be an integral part of the Internet reports . the the popularity of the...
The Belgian government has warned citizens about the risks of cryptocurrencies
In may, the Commission on securities and exchange Commission (SEC) website fake ICO. The project aims to teach investors to distinguish the present initial placement of tokens from fraudulent. Now the example of American colleague...
Vietnam has banned the importation of equipment for mining
At the end of last year, the Central Bank of Vietnam, the turnover of the digital money in the country. For sharing, trading or other operations with cryptocurrency citizens threatened with fines. Now the government has taken the ...
Media: China may reconsider its attitude towards cryptocurrencies
In March, the government of China to accept Bitcoin a means of payment because of the unreliability of the coin. Now the cryptocurrency in the country are actually banned, but in the near future the situation may change. About it ...
The cryptocurrency has ten times more potential than the Internet
Guest channel CCTV Chen Weijun talked about the potential of the blockchain in a Sunday television show Dialogue. Theme of television shows have become opportunities and risks of new technologies. It is reported . the the blockcha...
China's Central Bank has developed a blockchain-based system for the rejection of paper receipts
In China, blockchain develops very quickly. Technology supports the state and . Due to this, the Central Bank has completed the development of a system that digitizes receipts, issued by companies within China. news was shared by ...
John McAfee has again announced his intention to become President of the United States. The post of chief officials of the country he plans to serve the cryptocurrency community as well as to work for the benefit of the blockchain...
Streaming service Twitch has started accepting cryptocurrency in the form of Donato
Streaming platform Twitch will allow users to pay a fee cryptocurrency authors esters along with Fiat money. This writes with reference to the message of the company. the Where accept cryptocurrency Twitch works like this — some u...
Shopping with Bitcoin: the largest shopping centre of Slovenia accepts cryptocurrencies
Shopping Mall in Ljubljana is to accept the cryptocurrency, according to . Platform to the crypt has developed a FINTECH-startup Eligma. the For purchases you can pay with Bitcoin Eligma Team developed the app to make purchases El...
Chapter Binance Labs hopes on the collapse of the bubble. ICO
ICO If the bubble will burst, it will be a good sign for the industry of cryptocurrency. This is the position of the head Binance Labs Ella Jang reported . In her view, the large investors will come to the market only after the co...
Was not expected Ripple on the court will be to protect former members of the SEC
At the hearing in the case of Ripple startup will be protected by two former employees of the Commission on securities and stock exchanges of the United States reports . One of them was a former Chairwoman of the SEC Mary Jo white...
Cryptocurrency Google less and less. What is the reason?
According to Google Trends, the number of searches for "Bitcoin" has fallen 75 percent since the beginning of 2018. Over the past three months, the cryptocurrency has become two times less likely to appear in search results. It is...
How to mine Bitcoin Private (BTCP)? Profitability and characteristics of mining cryptocurrencies
In the middle of April, Bitcoin Private to 99 percent during the day. Users have been saying about Pampa and joked about the imminent purchase Lamby, but in reality the jump was another occasion to discuss BTCP. Today I will show ...
Co-founder of LinkedIn collects $ 20 million for a project to estimate the reliability ICO
In late April, co-founder of LinkedIn Eric Lee that the ban on advertising of ICO and cryptocurrencies in Google, Facebook and Twitter is a temporary measure. The restrictions will be lifted as soon as the regulators take a positi...
Steve Wozniak: Bitcoin is pure digital gold
In late January, Apple co-founder Steve Wozniak , he sold all his Bitcoins because they do not want to constantly monitor the price and worry about their savings. Six months later, the investor abruptly changed his mind about the ...
GMO introduced a 7-nanometer ASIC Minor B2. Productivity is 70 percent higher Antminer S9
In late may, the Japanese GMO to submit your own ASIC miner. The main feature of the model is the introduction of chips at the 7-nanometer process technology. In addition, the interest added to the results, the company that produc...
As the summer holiday season affects the exchange rate of Bitcoin
Among the stock investors, goes the adage «Sell in May and go away». She eloquently Yes§t the Council to sell assets in may. The main reason is that the value of the shares on the stock markets usually increases in Janua...
Ripple is investing $ 50 million for research at universities blockchain
For bloccano future. So it came as quickly as possible, the experts study the technology and possible scenarios of its application. Before to increase the pace of work Ripple has spent $ 50 million for its financing at various uni...
Comments (0)
This article has no comment, be the first!