The benefits of cryptocurrency are obvious. It offers transparency, anonymity and trust-less transactions. So it is also obvious why governments across the world are interested in the creation of their own blockchain-powered cryptocurrency. The question remains, how will this affect ordinary everyday consumers?
The answer lies within cost savings. Not only would issuing cryptocurrency save banks money, but banks would be forced to reduce their prices in order to stay competitive. Which in a competitive market means more affordable rates from banks.
One thing is for sure, government issued cryptocurrencies would make cryptocurrency more stable and less volatile, which would be beneficial for all cryptocurrencies, not only government issued coins.
