The Credefi project team realized this long before entire countries started thinking about creating their own digital currencies. Once our project came to be, we began building our own digital currency, and what do we have now? In an effort to make up for wasted time, whole countries are rushing to create national cryptocurrencies!
Among the countries diligently working on the launch of their own cryptocurrency are China, Japan, Turkey… Digital assets have also been of interest to the US and some European countries (Estonia, for example, already has a digital currency in place). El Salvador has decided to simply adopt Bitcoin as a legal tender.
What is the natural conclusion? Today governments understand: the fourth industrial revolution is coming and the economic system will also change — fiat will fall out of existence. Time will tell whether or not national cryptocurrencies will be in demand, but such currencies won’t be decentralized, that’s for certain. Lest we forget that decentralization is the primary advantage of any cryptocurrency.