Browsing tag: cryptocurrencies

OBITS, the decentralized cryptocurrency to decentralize Exchange platforms with Blockchain


Cryptocurrencies such as Bitcoin could make major changes or dent in the global economic system because of its decentralized nature, which not only made them trustworthy among the general public, but also protects them from poor decisions by governments and institutions Financial institutions. However, when interacting with these cryptocurrencies, people are forced to use centralized

Japanese banks test blockchain technology using virtual currency.


Several Japanese banks are reportedly willing to test national money transfers using digital coins on a blockchain as a low-cost alternative to traditional money transfers. According to a report released on Thursday by Nikkei, Japan’s most prominent financial publication, a group of major Japanese banks will test to determine whether a blockchain platform with digital

Bank of Korea: Costs Could Limit Cryptocurrencies Use


Written by researchers at the Bank of Korea and Hongik University in Seoul, the paper seeks to identify the factors that could drive the use of a blockchain-based currency, as opposed to government-issued currencies. According to the authors, there is likely to be a symbiotic relationship between both economies if digital currencies are used more