CBDC - Centra Bank-issued Digital Currency is well on its way.
90% of today’s altcoins will vanish, replaced by trusted consumer brands’ token and eventually, sovereign cryptos backed by the governments or authorities.
As reported by Coin Telegraph in an article about Reserve Bank of India considering Central Bank-Issued Digital Currency
"As early as 2016, the Bank of England and the People’s Bank of China explored the idea of issuing their own digital currencies, with over 90 central banks worldwide that same year investigating DLT tech.
In 2017, the Bank of Canada published extensive research into the benefits of CBDCs, and already in the first months of 2018, banks in Malaysia, Taiwan, Poland, Switzerland, among others, have all made news with inquiries into the use of Blockchain systems.
Earlier April 2018, an R3 researcher stirred a Deconomy panel in South Korea with his prediction that wholesale CBDCs would see real-world implementation in 2018."
What we see here is how the digital currency is evolving and how it might eventually be dominance by the authorities.
What the people innovate, the states eventually appropriate.
