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Central Bank-Issued Cryptocurrencies Are the "Inevitable Future"

October 24, 2018

The CEO of Dash Core Group, Ryan Taylor, told Cointelegraph in an interview Oct. 23 that central bank-issued cryptocurrencies are the “inevitable future,” but it will be people who “will decide what form of money they want to consume and use as part of their lives.”

Speaking with CT during the Money20/20 conference, Taylor stated that central banks have certain advantages in issuing their own cryptocurrencies, but questions remain as to what form will it take and how the market will react. Taylor noted that the “free market can ultimately design the better money than the government,” underlining:

“I do think it’s inevitable. They [governments] all are going — through either competitors’ pressure or through their own desires — to launch their own cryptocurrencies.
But I don’t think it is where the greatest innovations will occur.”

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