Will the world's central banks come together to create their own cryptocurrency?

Cryptocurrencies have become a common theme in the world. Practically, with them a parallel economy has developed that seems to be much more fertile than the current one.

It also offers much more freedom and possibilities for growth. For this reason, there have been not a few cryptocurrencies that have been created or people who have given themselves the task of entering the economy that develops with them.

Now, even official entities such as banks are beginning to consider the possibility of adopting cryptocurrencies as part of their economy. However, much of this idea has come as a reaction to other controversial private initiatives.

Libra has had to do with all this

Undoubtedly, the cryptocurrency, Libra, that Facebook has announced was a great protagonist of 2019. Between highs and lows this made its way to where it is now.

However, the path has been anything but easy. Facebook has encountered a large number of detractors, either because of its unreliability with private data management or because its proposal could be a breaking point that would harm the functioning of the economy.

The latter has been one of the points in which banks have paid more attention. And, because Libra doesn't seem to stop at anything, more and more they see the need to create their own cryptocurrency through which to defend themselves in the new market that seems to be being born.

Cryptocurrencies in the future

As we have said, the future of the economy is increasingly oriented to cryptocurrencies. The big banks know this and therefore they have not hesitated to start coalitions that allow them to rise to the challenge when the time comes.

This is a translation made by me manually, here is the Spanish version in case you are interested and want to support its creators. https://www.tekcrispy.com/2020/01/21/bancos-centrales-mundo-crear-propia-criptomoneda/

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