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Decentralized Blockchain is the utility that allows crypto assets to function. Central bank digital currencies will need to interconnect with these networks. CBDC’s may decide to use Centralized Blockchain networks, where interoperability will be under Central Banks and Regulators’ control. Blockchain-based networks will complement each other. We are speculators and want to see percentages; however, we should be rooting for the overall development of technology. ethereum There will be many winners because one network is not going to solve every problem.
Decentralized bitcoin Digital Assets provide trust in a trustless system. Nostro and Vostro accounts are trapping btc over 30 trillion dollars of liquidity. Digital assets can solve that problem… Politics and economics are intertwined together. think about the current events taking place… It revolves around trust. Not only can we solve the 30 trillion-dollar elephant in the room, but we can provide trust between nations. During times of economic crisis, tensions heat… Crypto assets are an olive branch. Crypto is peace.
When P2p file sharing came to the internet scenes, governments did their best to shut down Napster, Kazaa, and LimeWire, but what happened? New programs just kept emerging. P2P file-sharing has caught the attention of governments and legal authorities; however, it keeps finding its way. There is a debt crisis, and the fiat monetary system is failing. People are losing their confidence in the central banks. Central Bankers understand that they need an exit plan. And are willing to adapt to secure their role in the IoT.
Seven years of developing, one of the oldest cryptos available. Seven years of fine tuning, public blockchains are value out in the open for anyone to attempt to exploit. . Ripplenet offered the banks Blockchain-based messaging, a technology that forced swift to upgrade to swift gpi to compete with Ripplenets xcurrent solution. Swift, one of the oldest institutions that have had a monopoly for years, reacted to a start up by updating their flawed system. Now we are witnessing digital asset adoption…
SIX is a platform based in Switzerland that is an updated infrastructure built by r3 to incorporate digital assets. SIX is tokenizing real-world assets and developing tokenized assets for the real world. Project Helvetia is a project where the swiss national bank is connected to the SIX stock exchange and incorporated central bank digital currency to this platform. SIX is a real-world use case that is getting ready to launch. Now that the central bank has tested cbdc with SIX and it was a success, SIX will soon have the approval to trade digital assets. The more networks that pop up, the more of a need there will be a need for interoperability
Central banks and governments are putting the currency on a token. There are two types of ways to do this wholesale, meaning the CBDC will be delivered to the banks or retail, meaning the cash in your wallet will be replaced with tokens. So how does crypto fit into this? The central banks will have a fundamental model, and the private sector will build in the in-betweens and gaps of what is deployed. ONE HUGE GAP is interoperability and crosses border payments. Many governments are never going to agree on one technology, there never going to agree on one form of monetary policy, never going to agree on anything…
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