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Norway after Switzerland think about the creation of a national cryptocurrency

Neironix
May 19, 2018 12:00 AM
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Norway after Switzerland think about the creation of a national cryptocurrency

There are three options:

  • crypto currency as an alternative to deposits in commercial banks

  • legitimate means of payment along with the usual money

  • independent reserve for online payments

According to  Oystein Olsen, the head of the Norwegian Central Bank, , the Outlook for public cryptocurrencies are explained by the reduction of the cash turnover that requires the appearance of better protection mechanisms in the financial system.

In addition, the emergence of national crypto-money will play a role for financial institutions in the issuance of loans.

To date, Norges Bank has already completed the initial stage of analysis of the prospects of the future currency. The Department stressed that the cash will be used as long as this remains necessary.This week, it also became known about the possible appearance of its own cryptocurrency in Switzerland.

Previously, the intentions to launch its own cryptocurrency in one  or another form were stated by such States as Venezuela, Iran, Israel, Turkey, the United Kingdom, etc. The question of the possibility of introducing digital money at the state level is the subject of discussions between numerous experts in the field of cryptocurrencies and blockchain, as well as economists and politicians.