Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin

By CCN Markets: After ten years, the Reserve Bank of Australia has decided that Bitcoin and other cryptocurrencies don’t pose a threat to Aussie dollars or other forms of fiat payment. The RBA concludes, after reviewing everything it knows about cryptocurrency, that it’s “difficult to envisage” an outbreak of Bitcoin users in the down under. Bitcoin Carries The Burden of Disruption It’s on cryptocurrency to be more attractive and useful than traditional payment methods. People will prefer the easier, more familiar world of debt-based currency until this is the case. To maintain the status quo, RBA says, rulers need only

The post Australia’s Central Bank: It’s ‘Difficult’ to Imagine Mass Adoption of Bitcoin appeared first on CCN Markets

source https://www.ccn.com/crypto/australias-central-bank-difficult-imagine-mass-adoption-bitcoin/2019/06/20/

READ MORE http://bit.ly/2ZAu6NN

from Cryptocurrency News http://bit.ly/2XsWmEK
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. http://bit.ly/2G2HXWf Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!