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RE: Central Bank of South Korea is exploring Blockchain Technology for Micropayments

in #cryptocurrency6 years ago

This is certainly interesting news, but given the fact that banks creat money out of thin air - ie: for every dollar, euro , pound etc they have 10 on their balance sheet which don't actually exist and blockchain technology won't allow for that I fail to see how this would tie in with the current banking system design. It will however be interesting to see how it all works.