- 26 November 2018
- 3 Comments
Bitcoin(BTC) and Etherium (ETH) dropped sharply this month. Only the current week,
prominent coins fell up to 70% in just a matter of days and it is only natural that many
belive that the crypto-currency era is over...
On the contrary, experts have agreed that it would be better for central banks to adopt some of the techniques of crypto-currencies for dealings between themselves and other big players in the global financial scene.
At a recent conference in Abu Dhabi on blockchain technology and the financial industry, the governor of the UAE central bank said that he was in discussions with the Saudi Arabian Monetary Authority over the potential launch of a digital currency in a ground-breaking joint venture between the two countries.
It is to be hoped that the potential currency being studied by the two is an improvement on Bitcoin, the best known of the cryptocurrencies — but which has also become one of the most controversial phenomena in the financial world.