The MOAC Story Part XVIII

Some may say that it’s impossible for the central bank to issue its own cryptocurrency so soon! That’s true, because if the central bank were to publish their own cryptocurrency, then that would mean the current unity between the central bank and commercial bank is at its end. Banks occupy the top place in industry, and they control the fates of all other industries. In fact, Bitcoin came into being after the 2008 financial crisis with the aim of taking out Wall Street. So central banks were afraid to introduce cryptocurrency so quickly. But that doesn’t rule out people first introducing their own cryptocurrencies, like Tether did with USDT, which provides the functionality of legal cryptocurrencies. I believe that a CNYT token (Legal crypto-RMB) will be launched soon as well. And Japan is already considering JPYT, so this isn’t going to go away anytime soon.

The MOAC Story Part XIX:

Critics of cryptocurrency often say that issuing currency is the exclusive right of sovereign states, so why should private organizations be able to do it? Wouldn’t private organizations issuing their own currencies be a cause for concern? However, most money is created by guys at a commercial bank typing on a keyboard. China’s major banks are still state-owned enterprises, but several private enterprises and most foreign private banks all issue their own currency. If legal cryptocurrencies truly become a reality, then banks will no longer be able to do this in the same way. In this case, banks of the future will have two major functions: one is as a loan agent, with the banks collecting a loan fee. The other is as a private equity fund that uses its professional resources to invest in businesses.

The MOAC Story Part XX:

Blockchain technology currently has two big applications. The first is Bitcoin-based cryptocurrency, and the second is Ethereum-based ICOs. Let’s talk about Bitcoin. Refer to the chart below. According to a report from the Bank of America Research Department, they believe that the market for Bitcoin ETF is $1.16 trillion. Although the emergence of Bitcoin has opened up future roads for commercial banks, using Bitcoin as payment can’t be implemented because of its increasing gold value and investment characteristics. Bitcoin’s value isn’t its shortcoming, but rather the lack of stability brought about by its constant price change. If Bitcoin doesn’t stabilize after reaching a certain peak, then another more stable cryptocurrency will take its place. A new sovereign cryptocurrency or decentralized currency will appear to resolve problems with payment.

Where to Find Us

Website: https://moac.io/

GitHub: https://github.com/MOACChain/moac-core

Twitter: https://twitter.com/moac_io

Reddit: https://www.reddit.com/r/MOAC/

Medium: https://medium.com/moac

Steemit: https://steemit.com/@moac-official

Telegram(International): https://t.me/moacblockchain

Telegram(Developers): https://t.co/8m3m9RD5ix

Telegram(China): https://t.co/73rU9sHWLH

YouTube (Event Channel):https://www.youtube.com/channel/UCBU405W7vfOPBicLwW9-QOA

Youtube (Technical Channel) :

https://www.youtube.com/channel/UC_U54wsGNrm_Yivj5bH9i7Q?view_as=subscriber

Facebook: https://www.facebook.com/moacchain/

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