Major Banks worldwide looking into issuing their own Cryptocurrencies as use of physical cash remains on the decline:

There's been a few announcements lurking in the news this morning (And over the past year or so) but today was apparently a push day on the news. The best article I've seen so far is as follows:https://ift.tt/2RhmFdc is the press release from this morning:https://ift.tt/2v8vn4F, England, Japan, European Central Bank, Swiss National, Sveriges Riksbank and Bank for International Settlements are all involved.No USA, but that's not too surprising given the excessive amount of regulation there.There have been plenty of rumblings about things like this in the past, but this is the first coordinated effort I've seen from banking consortiums worldwide.It might not be related to any of the cryptos you currently hold, but this is getting to a size and a scope that governments and banks can't ignore any more. You might not see a US Digital Dollar any time soon, but we might see a "Digital Loonie" up here within a couple of years time :)

Submitted January 22, 2020 at 12:07AM