The combination of cryptocurrencies with the Polish zloty exchange rate, thanks to which this decentralized currency would be deprived of exchange rate risk. In short: 100 dPLN would be worth as much as 100 PLN. Will this happen?
The combination of cryptocurrencies with the Polish zloty exchange rate, thanks to which this decentralized currency would be deprived of exchange rate risk. In short: 100 dPLN would be worth as much as 100 PLN. Will this happen?
the tethering of fiat to crypto currency makes it by default an exchange rate prone crypto currency. If the crypto zloty is tradable and gains value on a crypto exchange, people would simply buy zloty at a fiat exchange (cheaper) and buy crypto counterpart for it. This would also drive the fiat zloty price up, making the national economy lower prices (and salaries) in return. If the crypto coin then crashes, the buying power of Poland would be null and it will quite possibly go bankrupt. Either all countries adhere to a decentralised banking system, or one of the coins cannot exist.
thank you for your comment. But in my opinion dPLN is good idea, because cryptozloty always be worth it s same as PLN. E.g if you some day buy a pizza an spend 10dPLN then in a year you will not regret that a year ago you ate a pizza which today is worth a million dollars.
no way.
Thank you for your coment but can you expand your speech? Why do you think so?