NoBody (G)nostic. Patriot. Student Always. Think 4 Yourself. Trusting Self = Trusting God. Family Is Everything. | ⳩ | The Standard.
Any Country, State, Group, can create their own blockchain and tokens to use as currency for internal trade.
NoBody (G)nostic. Patriot. Student Always. Think 4 Yourself. Trusting Self = Trusting God. Family Is Everything. | ⳩ | The Standard.
Yes but governments are inefficient & would never build out a system from scratch.
But they will utlize a network like XRP, along with federated sidechains, to issue assets with ease.
The CEO of Ripple & BoR governor presented in the room together.
Agreed that it's easier to jump right in to an existing infrastructure, and I won't pretend to know a great deal about XRP, but I see a lot of risk in doing so when the motive is to use the blockchain strictly as a nations currency. The nation should own the entire mining system without depending on foreign resources. A brand new blockchain seems like it would be the best choice for a nations currency.
according to this infograph, 7 accounts control 15.7 billion XRP, which is too much concentration in my book.
https://www.xrpchat.com/topic/33927-xrp-accounts-top-1-5-and-10-visualized/
