Bank of Canada Considering its' Own Digital Finance Token

While world bankers caution the public about investing in Bitcoin for fear the governments will crush it, central banks in countries like Canada are riding the "if you can't beat em join em bandwagon" to research how to create their own digital currencies.

Bitcoin's market cap of $95 Billion has forced them to attention, because it is now bigger than Goldman Sachs, according to cryptocoinsnews.com.

As Bitcoin alters the financial landscape, fear of the security of the blockchain system that it runs on, and the fact that it relies on an electrical grid to operate are being expressed as stumbling blocks by the banks.

But increasingly, central bankers in countries like The Phillipines are praising the positive sides of the currency - the speed and ease of processing transactions between nations. the deputy director of the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), said that while bitcoin has risks, it’s like any other monetary instrument, says an article in cryptocoinnews. Read the full article here:

https://www.cryptocoinsnews.com/bank-canada-senior-deputy-governor-bitcoin-wont-replace-cash/?utm_campaign=crowdfire&utm_content=crowdfire&utm_medium=social&utm_source=twitter#913688154196074496-tw#1508471211798