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Showing posts from December, 2017

Central Bank Digital Currency

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By Othman Darwish Recently, there is a growing number of Central banks that look seriously at the new revolutionary technology of Bitcoin and weight its potential applications.  Central Bankers, all over the world,  including but not limited to ( Fed, Bank Of England  ,and Bank of Canada )  studying the need for issuing their own digital currency  ,and trying to utilize this new innovated technology  to optimize their monetary policies , and   providing new business  services  using newly  innovated  blockchain technology ,by  building a national  digital currency  ,that compete current Bitcoin  disruption and threat for today financial ecosystems . Central bank would benefit from  the technology behind   Bitcoin; blockchain, the  underlying  technology of Bitcoin payment network, or as  some economists like to call it the  distributed ledger technology ( DLT), is a decentralized immutable  public ledger that contains the details of every transaction that has ever been