What Is The Future Of Money?
The Bahamas authorities have decided to pay attention to the possibilities of cryptocurrencies. By issuing their own digital coins, they plan to tackle economic problems, while attracting users of a new financial instrument..
Kevin Peter Turnquest, Minister of Finance of the Bahamas, shared this information as part of a regional blockchain conference, which caused a positive reaction from the local crypto community. In his opinion, the creation of your own cryptocurrency will help solve the problem of disunity of a large number of banks scattered across the islands. Also, the solution will open access to a new tool in the farthest corners of the Bahamas..
In addition, the minister noted that with the help of blockchain, people will have a unique opportunity to get rid of corruption forever. The openness of the accounting system, as well as the impossibility of data substitution, will become the basis for organizing financial health. The technology is also able to remove the human factor, which often became the reason for the incorrect generation of reporting data..
It is noteworthy that today in the world, despite the negative market trend, there is an increased interest in creating their own cryptocurrencies at the state level..
One of the loudest examples of the transition to a new financial instrument was the Venezuelan el-petro.
text: Evgeniya Likhodey, photo: Visual Hunt