The other day we were discussing the possibility of state-made cryptographic coins for book money creation by banks.
In such a scenario, banks would issue digital money against credit following the pattern of book money creation. At the end of the day, there would be digital cash pegged to legal tender besides the usual metal coins and paper monies.
IBM-expert is bullish on Bitcoin: “This is a field where you truly have to be interdisciplinary to make progress.”
Richard Gendal Brown is IBM’s-architect on innovation in banking and financial markets. In a Finextra interview he talks about the future of Bitcoin.
An event to be held by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) next month is set to include a panel of payments and cryptocurrency professionals.
Taking place in New York, the Business Forum panel will discuss cryptographic protocols and their potential impact on correspondent banks, those that provides services to other financial entities.