Electronic giant - also known as International Business Machine Corporation - wants to develop a new system that allows people to transfer money and make payments without the involvement of a bank or other third party. It would mean big savings on transaction fees.
The transaction will be on an open account of a particular country's currency such as the dollar or the euro, anonymous sources say to Reuters. "The signature has been denied due to lack of permission to discuss the project public project," Reuters added.
"When someone wants to move into the system, instead you are trying to acquire a bitcoin, you simply have to say, here are some US dollars." It is a bitcoin's sort but without Bitcoin, "explains the source, IBM is definitely the main company interested in using cryptocurrency technology Make sure that join the formed club.
Reuters adds that the company is discussing the project with several central banks as well as the US Federal Reserve. In the case of IBM approval, the company will develop infrastructure under the supervision of the central bank.
"This currency will be part of the money supply," sources said. "It's the same, it's not a dollar bill with a serial number, but a token sitting on this blockquote."
We are now in a tipsing point. It is making more sense for some types of digital cash in the system, that not only saving our government money, but is also much more convenient and safe for the people