Brian Armstrong @brian_armstrong Co-founder & CEO at @Coinbase Co-founder @GiveCrypto Building an open financial system for the world. Join us: coinbase.com/careers Jan. 24, 2020 1 min read

Cool to see more CBDCs coming out (central bank digital currencies)  https://thenextweb.com/hardfork/2020/01/24/japan-working-own-digital-currency-compete-facebooks-libra-china-yuan/ 

I don't expect these to have as big of an impact as global/decentralized cryptocurrencies, but they could be complementary in other ways.

It's a bit like countries that have created their own internets, vs using the global, decentralized internet.

I could see digitized fiat currencies making it easier for the IMF or others to create baskets, for instance. And it will just generally get a bunch of people more comfortable with digital currencies, which is good.


You can follow @brian_armstrong.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Threader is an independent project created by only two developers. The site gets 500,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Running this space is expensive and time consuming. If you find Threader useful, please consider supporting us to make it a sustainable project.