Digital Currencies could worsen future financial crises, Wiedmann says

The German bank chief has opined that digital currencies will worsen financial crisis in the future and He is of the opinion that instant payment solutions in banks will damper bitcoin, imperatively crypto-currencies.

However, He did acknowledge that the digital currencies is and will be the most significant change faced by banks. He further stated that making banking more efficient will reduce interest in cryptos.

He is optimistic of central bank creating their own digital currency in the future and believes the safety of customers funds is guaranteed compared to opened ended cryptos. He is know for his critics of digital currencies.

I do think their adoption of blockchain technology will go a long way in the revolutionizing finance than being adamant .
Read more...

What do you think, will digital currency worsen the future financial crises?