Could digital currencies put banks out of business?

The fintech that could bankrupt banks

For the first time you can imagine a modern world without banks. This is due to the emergence of central bank digital currencies and new payment platforms that are changing the way people spend and manage money. Although the impact of CBDC may not be felt immediately, these changes may have profound effects on consumer privacy, government power, and the stability of the entire financial system.

Could digital currencies put banks out of business?

Share Interest

Decipher the Digital RMB

There are also certain differences between digital renminbi and electronic payment tools: First, the digital renminbi is the country's legal tender and is the asset with the highest security level....

Hashrate Converter

Hashrate Converter
Hashrate Unit Hashrate Hashes per second
1 kH/s 1000 One thousand
1 MH/s 1,000,000 One million
1 GH/s 1,000,000,000 One billion
1 TH/s 1,000,000,000,000 One trillion
1 PH/s 1.000.000.000.000.000 One quadrillion
1 EH/s 1.000.000.000.000.000.000 One quintillion
1 ZH/s 1.000.000.000.000.000.000.000 One sextillion
Hashrate Converter
Share Interest
Digital Tech

Why SaaS ?

SaaS stands for the software-as-a-service cloud computing model.  SaaS apps are typically accessed by users using a web browser.  The expansion of the Internet during the 1990s brought about a new class of centralized...
Digital Tech

What is Node.js

Node.js is an open-source, cross-platform, back-end JavaScript runtime environment that runs on the V8 engine and executes JavaScript code outside a web browser. Node.js lets developers use JavaScript to write command line tools and for server-side scripting—running scripts server-side to produce dynamic...