Before telling you the plan for next year, let’s take a look at the big achievements of 2019. Raise your glass and toast because

🥂 We welcomed Stellar and Stellar welcomed us. We are not fighting alone, now we have an ally to achieve our mission. Here some memorable moments of this cooperation:

• Executives of Stellar Development Foundation, Lisa Nestor and Kori Higgins, joined the LAPO team to inaugurate the first Stellar community in Switzerland.
• We set up a Stellar validator node in Switzerland and the first one in Africa.
• Our token LAX has its representation on the Stellar Platform and is available on the Stellar Decentralized Exchange.
• We meet Stellar CEO and the big players of the Stellar Ecosystem at the first Stellar conference in Mexico. We feel more supported than ever.

🥂Our Star LAPOX was born. And we welcomed Athanasios Ladopoulos to help us make it the Universal Currency.

🥂The LAPO protocol 2.0 made our token LAX sexier (supply reduction).

🥂 LAPO was proclaimed “Most Innovative Cryptocurrency Solutions Provider 2019-Central Europe” by The Wealth & Finance International FinTech Awards.

🥂LAPO became an authority in the Crypto space. Athanasios is leading the Task Force “Central Banks, Digital Currencies and Monetary Policy” of the CVA’s (Crypto Valley Association) Regulatory Working Group.

🥂We opened a new branch in Zurich.

🥂We collaborated with the Open IT innovation Trends 2019 eBook and won the OpenExpo Europe vote.

🥂We spread the word about LAPO in important events such as World Economic Forum, Blockchain Economic Forum (Davos), European Blockchain Investment Congress (Vienna), Caspian Week Conference, UNICOM Blockchain Summit, Monaco Blockchain Conference, Start Summit (St. Gallen), Crypto Valley Summit, Vroom Summit, Malta Blockchain Summit, OpenExpo Europe, Decentralized (Athens) and much more.

2020: the best is yet to come

We have chosen the safest path instead of the fastest, and that has made us an authority in the industry. We had to make changes to be able to travel that path, we had to slow down the pace and redesign strategies to make LAPO a sustainable project, and everything has been worth it.

Now the road is paved and we will travel this way:

Product offering simplified. As a part of the go-to-market strategy, we have simplified our Fintech platform in 3 main tools:

• LAPO PAY. Multi-currency digital wallet.
• LAPO PAY BUSINESS. Payment system to accept crypocurrencies.
• LAPO PAYEAH! Global Debit card that will be connected to LAPO PAY.

Website revamp. We are revamping our website to better explain our product offering. There you will find detailed information, so there is no need for a whitepaper.

Final Swap. The migration to the Stellar LAX Token is partially done, we are making the last swap. During January we will finish it (less than 40 wallets have missed trustline so far).

Proof of Participation. We are working on a unique mechanism for our “inflation pool” that will be called “Proof of Participation”. The basic concept behind is: the more you do for the community and the project, the more points you get. More points mean more LAX.

Every month we will distribute ONLY 1M LAX. This 1M will be distributed according to your “Proof of Participation Score”. There will be multiple possibilities to gain points, for example: voting for proposals,
helping other users in our new support system, bug hunting,
translations, etc.

We are writing the “Proof of Participation” whitepaper and we expect to have the proposal/voting system ready by the end of January 2020.

When Exchange? LAX will be listed in a TOP 30 Coin Market Cap centralized Exchange. We will announce the name of the exchange and the listing date at the beginning of January.

LAPO PAY. We have been working for a while on the multi-platform (desktop/mobile) wallet that will support since day 0 the following coins: LAX, Lumens, Bitcoin, Ethereum and Stellar Tokens. The wallet will not store the private key in our server, so you will have control over your money. Other features that it will include:

• Stellar Decentralized Exchange
• Possibility to register your lapo.io federation address
• “Proof of Participation” Integrated

We expect to release a beta in Q1 2020. In the meantime, we will
release some screenshot with our “proposal/voting system” at the end
of January 2020.

We are finalizing the setup of our European entity. Thanks to this we will be able to handle CRYPTO to FIAT exchange (for our B2B products) and to store private keys (first for B2B products, and then for B2C products) in our secure Swiss datacenter. We expect to have everything ready in Q1 2020.

LAPO PAY BUSINESS. The payment system is on its way and we expect to release it in Q3 2020. You can register now to become an early adopter.

LAPO PAYEAH! We are discussing the details with the partners involved. The fact that VISA/MasterCard retired from Libra has made the process a bit slower but we are doing our best to ship the first cards during 2020. You can register now to become an early adopter.

LAPOX Whitepaper. Creating the Universal Currency is not an easy task. To continue walking on the safe path, we had to re-write some parts of the document. This year we got some new rules that have changed the game and for that reason, we have not yet been able to launch it. We expect to publish a summary in January 2020.

With that said, we thank you for your support and wish you a happy 2020!!!

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

LAPO ready for 2020 was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

We are pleased to announce that our token LAX is now available on the Stellar network. As we communicated, we are in the process of integrating our technology with an even bigger and more powerful platform such as Stellar.

By offering the lowest transactions fees, the fastest transactions time and simple and effective smart contracts, Stellar has become one of the most important platforms in terms of financial solutions, making it the best ally to LAPOachieve its mission.

Having our token LAX already on this platform has been a breakthrough in the integration process. We build a swap machine available directly on the LAPO dashboard that allows the LAX holders to move their tokens from the LAPO Blockchain to the Stellar Blockchain.

By using the Stellar platform we get additional functionalities already built-in and ready to enjoy (such as the distributed exchange, the possibility of reversing a transaction, etc.). From now on you can acquire LAX on the Stellar Distribute Exchange.

Why should I have LAX?

At LAPO we are building the most efficient alternative to manage digital money and our token LAX is the key to access all the financial products and services that we are creating, such as:

Universal currency

LAPOX, a stablecoin backed by gold and supported by a unique stabilization mechanism, with the potential of becoming the universal currency of the 21st century.

Multi-currency wallet

A multitasking tool for your assets that allows you to store, exchange, send and receive different digital currencies and pay with them in online and physical shops.

Stylish Debit Card

Payeah!, a global debit card that allows paying with cryptocurrencies at any shop, as it integrates a technology that automatically exchanges cryptocurrencies to FIAT money. It can now be requested on our website.

Merchant Portal

The simplest crypto-payment solution for business to accept cryptocurrencies easily and securely. It could be used on any modern device (mobile phone, computer or tablet). It can now be requested on our website.

Distribution pool

As a part of the LAPO protocol 2.0, we have designed a cool, energy-free and democratic way to get rewarded with LAX. The distribution pool algorithm is designed to reward users who are more active in the network and hold more LAX tokens.

What’s next?

After the swapping process is over, we will disclose information about the public exchange. And once we moved all tokens to the Stellar Blockchain, the distribution pool will be activated.

The LAPOX whitepaper will be released in the coming weeks with detailed information about the stablecoin that will power the LAPO platform.

At the end of the year, we expect to launch the multi-currency wallet, for both the business and private versions.

In the meantime, you can now register as an early adopter of our stylish debit card and our merchant portal.

Our plan is ambitious and we aim to expand globally, giving priority to the countries that most need our solution.

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

LAPO is now available on Stellar was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Wealth & Finance International FinTech Awards proclaimed LAPO Blockchain as “Most Innovative Cryptocurrency Solutions Provider 2019-Central Europe”.

The Wealth & Finance International FinTech Awards are dedicated to rewarding and recognizing the hard work, excellence, and creativity of FinTech companies, startups, technologies, and products worldwide.

At the heart of the Crypto Valley LAPO is building a payment and money transfer platform based on Blockchain technology with its own stablecoin (LAPOX), backed by gold and based on a unique stabilization mechanism.

“Working in the cryptocurrency space is challenging and thus we are very honored to be recognized for bringing innovation to this field”, said Luiis Franceschi, CEO and founder of LAPO. “This motivates us to work even harder to achieve our goal of providing the most efficient alternative to manage digital money.”

Starting in mid-August, the LAPO token (LAX) can be acquired on the Stellar Distributed Exchange, as the Crypto Valley company is integrating with the well-know Blockchain platform Stellar. To access the financial products that LAPO is developing, it will be necessary to hold an amount of this token.

LAPO is Creating cutting-edge digital financial solutions for cryptocurrencies such as multi-currency wallet, global debit card, real-time payment mechanism, wallet-to-wallet exchange and a stablecoin with the potential of becoming the Universal cryptocurrency.

Last year, LAPO was also recognized as one of the top 50 Blockchain companies in the Crypto Valley according to Zug-based investors CV VC, in collaboration with consultancy PwC and technology provider Inacta.

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

LAPO crowned Most Innovative Cryptocurrency Solutions Provider 2019 was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Interview with Luiis Franceschi, LAPO Blockchain CEO. By Óscar Domínguez from Territorio Bitcoin (Translated by Mariyam Seguías). Read the original article in Spanish here.

Luiis Franceschi is a digital entrepreneur with more than 10 years of experience working with renowned digital experts and leading brands worldwide. He has experience in Blockchain, UX/IXD design, front-end development, project management, and digital product development, focusing on creating and building astonishing products and coherent User Experiences.

What is Lapo Blockchain about?

LAPO Blockchain is a payment and money transfer platform that offers cheaper, faster and safer transaction than the traditional banking.

Our goal is to provide the most efficient alternative to manage digital money and that is why we are now focused on the development of our own cryptocurrency (LAPOX), backed by gold and supported by a unique stabilization mechanism, with the potential of becoming the universal currency of the 21st century.

Our home is at the heart of the Crypto Valley, a crypto powerhouse and a complete ecosystem that supports the development of Blockchain-based solutions.

What are the LAPO protocols?

Right now we are in the process of integrating our technology with an even bigger and more powerful platform such as the Stellar platform.

We are both working for a common goal that is global financial inclusion. An ambitious goal that we cannot achieve alone, so we have decided to integrate and base our currency and our services on this protocol.

Since Stellar has become one of the most important platforms in terms of financial solutions, we have seen in them the best ally for LAPO.

What products do you offer for the daily use of cryptocurrencies?

We are developing a multi-currency digital wallet, that is, an application to store, exchange, send and receive different digital currencies and also pay with them in physical stores.

This digital wallet has its business version, and merchants who want to accept payments in cryptocurrencies securely in their shops can register on our website to be one of the first users of this application.

Another of our products is a debit card (Payeah!) with which you can use your cryptocurrencies to pay at any shop, as it integrates a technology that automatically exchanges cryptocurrencies to FIAT money. This product can also be requested on our website.

Starting in August, our LAX token will be available for purchase on the Stellar Exchange. To access the financial products we are developing, it will be necessary to have an amount of our LAX token, which is the key that opens the LAPO world.

Our entire platform will be backed by our stable cryptocurrency (LAPOX), whose whitepaper will be available in the coming weeks on our website.

We note that they have a very complete roadmap and with all the stages completed, what are the next steps?

We are about to launch our LAX token in the Exchange so that people can buy and enter the LAPO Platform. In August we will be in the Stellar platform Exchanges and very soon in other Exchanges.

At the end of this year, we will be launching our multi-currency wallet in both versions, for people and businesses. In 2020 we will start distributing the first debit cards and our cryptocurrency (LAPOX) will be available.

Our plan is ambitious and the intention is to expand globally, giving priority to the countries that most need our solution.

Do you think that Blockchain technology is the solution to the current economic situation?

Thanks to Blockchain technology, anyone with an internet connection can access decentralized financial services and this increases the level of financial inclusion. In a Blockchain-based financial system, a top trader in Switzerland has the same level of access as a farmer in Argentina.

It is a powerful tool that has the potential to help reduce financial exclusion and positively impact the economy of developing countries.

Thanks to Blockchain technology it is possible to eliminate intermediaries in transactions with digital money, which makes transactions cheaper, faster and safer. This allows, for example, a Latin American immigrant in Europe to send money to his family at a very low cost.

In the Blockchain, transactions are immutable and Blockchains can not be shut off by any central institution, so this solves many problems for citizens living in countries with poor governance and authoritarianism, such as Venezuela.

The possibilities are endless. New and better applications are still under development and it will have a huge impact on the medium term. We will surely see in the future other Blockchain-based solutions that we are not even able to imagine now.

What is the first message you would leave for someone who wants to use your platform?

At LAPO we stand out for the simplicity of our approach, putting the user experience first and making our tools easy-to-use even for those who are not tech-savvy

Our platform is made in Switzerland, which gives the user the support of a quality label, plus the Swiss experience with its tradition of financial services, plus the support of one of the most powerful Blockchain ecosystems worldwide.

LAPO is a flexible alternative between traditional banking and the world of cryptocurrencies.

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

LAPO, a flexible alternative between traditional banking and the crypto-world was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Last week we released the good news about the integration of Stellar in our platform and we know you are excited to know more about this. So, here we go!

We already started with the first step of the integration, creating a representation of LAX token in the Stellar Network. The new LAX will be active from August 1, 2019.

This new token will have a maximum supply of 10'000'000'000 LAX (10 billion LAX) and will replace the old LAX network.

FROM OLD LAX TO NEW LAX

How to swap

We also built a swap machine that will be available directly on your web dashboard starting from August 1, 2019. The swap machine is designed to guide you through the process in the easiest way. Check our step-by-step guide on how to easily convert old LAXs to new LAXs.

Important notes

Keep in mind that you can activate a maximum of 3 “LAX Deposit” addresses. This means that you must move all your LAXs in a maximum of 3 transactions. After that, it will not be possible to swap any other old LAX into the new LAX token.

Wallets

We are focused on the development of our multi-currency wallet for the LAX Token, the Stellar Lumens, Bitcoin, and many more. In the meantime, you could use one of these Stellar token compatible wallets:

Desktop:
https://stellarterm.com/
https://lobstr.co/

Mobile (iOS/Android):
https://getstargazer.com/
https://lobstr.co/

KYC

LAX holders with more than 500'000 LAXs must accomplish the KYC process by following the instructions that will be available on their Dashboard, in order to convert their old LAXs into new LAXs.

LAX IS GETTING SEXIER

In order to provide you with a more valuable LAX ready to hit the exchange, we designed the following swap strategy:

• The LAPO Foundation will reduce its supply from 5'000'000'000 to 100'000'000 LAX.
• The LAPO Executive team will reduce its supply by swapping its LAXs with a ratio of 10:1 (10 old LAX for 1 new LAX).
• The LAPO Team will reduce its supply by swapping its LAXs with a ratio of 2.5:1 (2.5 old LAX for 1 new LAX).
• Miners & airdrops will have a swap ratio of 2:1 (2 old LAX for 1 new LAX).
• Contributors will have a swap ratio of 1:1 (1 old LAX for 1 new LAX).

New mining/staking protocol

Starting on November 1, we will activate a distribution pool. It will be a cool, energy-free and democratic way to get rewarded with LAX. We will share the details of the mechanism in September.
Important note: we will no longer have Masternodes, but the distribution pool algorithm is designed to reward users who are more active in the network and hold more LAX tokens.

End of old Blockchain

By using the Stellar platform we will have additional functionalities already built-in and ready to enjoy (such as the distributed exchange, the possibility of reversing a transaction, etc.).

The integration with Stellar also allows us to concentrate on our real purpose and business without spending valuable time on blockchain infrastructure and source code maintenance.

So, we say goodbye to our old Blockchain to focus on the development and delivery of more LAPO products.

By November 1, 2019, all the old network LAX must be swapped to the new Stellar LAX token (also called LAX).

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

Walk-through of the LAPO Network 2.0 was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

After intensive research, training, and learning, we have decided to integrate Stellar into our platform. The first step of this integration consists of creating a representation of LAPO token in the Stellar Network.

Why Stellar?

We are both working on a common goal: Global financial inclusion.

As Stellar CEO said, “We can’t do it alone, and a network by its very nature requires many participants to create the links and connections to get the job done”.

We both envision a future where money is universally accessible and instantly exchangeable.

Stellar is one of the most notable platforms that has emerged to solve various problems in the financial services industry.

The protocol intends to assist in remittances, especially in developing economies, by providing a global network capable of hosting thousands of exchanges between currencies and tokens per second.

Stellar offers the lowest transactions fees, the fastest transactions time and simple and effective smart contracts, making it the best ally to help LAPO achieve its mission.

Stellar LAX

The Stellar integration will offer to LAX holders the possibility to convert their LAXs into Stellar LAXs.

What does it mean? The LAX holder will be able to move their native tokens from the LAPO Blockchain to the Stellar Blockchain.

In the following days, we will release a step-by-step guide to explain how to easily convert LAXs into Stellar LAXs.

Don’t panic! The LAPO Blockchain is still active and you can continue stacking and/or running your masternodes as usual ;-)

When exchange?

SOOOOOON! Having your token in the Stellar network allows you to trade it immediately using the distributed exchange functionality of the Stellar network. To take full advantage of this functionality, we suggest using stellarport.io.

We are finalizing the swapping mechanism so that you will be able to swap your tokens in mid/late July (2019 :-D).

What about other exchanges? Stay tuned, we will announce it in the next updates.

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

LAPO announces its integration with Stellar was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

The first Stellar community in Switzerland has just gone live

Lisa Nestor and Kori Higgins, representatives of Stellar Development Foundation, will be in Zurich on Tuesday, June 25, to inaugurate the first Stellar community in Switzerland.

Stellar is an open source, decentralized protocol that allows cross-border transactions between any pair of currencies. With a focus on fast transaction time and low transaction fees, the protocol intends to assist in remittances, especially in developing economies, by providing a global network capable of hosting thousands of exchanges between currencies and tokens per second.

During the event, that will take place in the “Tessinerplaz Co-Working — Mercato Room” starting at 17:30, the Stellar experts will be sharing a vision for a Stellar-powered future where money is universally accessible and instantly exchangeable.

The first Stellar community was created by the LAPO Blockchain team that recently announced that they will integrate the Stellar protocol into their platform. The Swiss FinTech company is building a payment and money transfer platform powered by a universal gold-backed digital currency.

The event is free and anyone interested in learning more about Stellar and the future of money is welcome to join. After the talks, networking with some free drinks will follow. Click here to join!

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

Switzerland welcomes Stellar was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

By Athanasios Ladopoulos, Chief Investment Officer of LAPO Blockchain.

Shifting from fiat currencies to digital currencies requires as much finance and banking as, if not more, political commitment. Such a move will imply fundamental changes to both financial and monetary systems. But let us examine what fundamental changes mean.

A CBDC would mean that the deposit and lending business would shift from commercial banks to central banks, producing a one-layer banking system.

In our days, the monetary system is a two-layer system: Central banks and commercial banks. Central banks interlink with commercial banks and they in turn, interact with customers. Central banks may hold deposits from commercial banks, but commercial banks cannot live without customers deposits which, due to fractional reserve banking and lending business, are lent out several times to other customers and generating income from interest payments. A CBDC would mean that the deposit and lending business would shift from commercial banks to central banks, producing a one-layer banking system.

Unquestionably, it is going to affect how monetary policy and to some degree, fiscal policy is applied.

Some opponents of digital currencies claim that introducing CBDC could have unintended consequences. Unquestionably, it is going to affect how monetary policy and to some degree, fiscal policy is applied. However, claims that point towards negative implications on the “base money and its composition” are exaggerated.

Let us examine the “base money” for a moment and see if the consequences could be negative or positive.

Central banks can influence the monetary base (expand) by creating new money to purchase bonds issued from commercial banks.

Base money (or Monetary Base) is the total amount of a currency/money supply that is in general circulation in the hands of the public or/and in the commercial bank deposits held in the central bank’s reserves. This measure includes only highly liquid currencies (notes, coinage and current bank deposits). Central banks can influence the monetary base (expand) by creating new money to purchase bonds issued from commercial banks. This increases the bank's holdings in cash. The opposite happens when the central banks sell bonds back and receive money, and thus reduce the overall money supply.

However, the money supply is more than the base money/monetary base. It can expand to include other assets as in M1 and M2, accounting for cash in circulation and specific liquid assets including, but not limited to, savings and checking account. However, it excludes credit to pay debt as it is a transfer of debt from one party to another — it does not represent a final settlement. The controlling of the monetary base is done by central banks with the governments maintain some degree of influence through the selling of government bonds in the open market.

Replacing fiat money with Smart Contracts

Issuing digital currencies could be done in exchange for fiat money. If this is the case we will be merely replacing paper and metal with digital numbers and lines of code (Smart Contracts).

Base e-money is the total amount of a digital money supply that will be in general circulation, in the hands of the public through their e-wallets and in the central bank e-deposits held in the central bank’s reserves.

Base e-money is the total amount of a digital money supply that will be in general circulation, in the hands of the public through their e-wallets and in the central bank e-deposits held in the central bank’s reserves. This measure will include only e-money that is considered “highly liquid”, already present in people’s e-wallets and current bank e-deposits. Central banks could still influence the monetary base (expand) by creating new e-money to buy bonds issued and sold previously to public and private enterprises, even the governments (Treasury Departments). This will increase peoples’ and banks’ holdings in e-cash.

…we see that minimal disruption could quite likely create a move to digital currencies, creating the feeling of safety and security to consumers, knowing that their deposits are kept by central banks and not by riskier commercial banks — subject to “run-on-the-bank” risk.

The opposite happens when central banks sell bonds back and receive e-money, and in turn, reduce the overall digital money supply. Thus, we see that minimal disruption could quite likely create a move to digital currencies, creating the feeling of safety and security to consumers, knowing that their deposits are kept by central banks and not by riskier commercial banks — subject to “run-on-the-bank” risk.

Hence, it is evident to me that the fundamental changes will apply mostly at the commercial bank level. The role of the central banks will not be drastically altered, and one could say that they may see their powers increase. However, Commercial banks’ role will shift to act either as the Customer Relationship and product and services sales arm of central banks or eclipse all together. Could the CBDC be a prelude to a more centralized, rather than a de-centralized system?

Most recently, some experts have voiced a “dual form of currency”. “At times of financial stress, money tends to move away from banks that are seen as high risk, towards banks that are considered more secure and therefore it is not far-fetched to picture a scenario in which a CBDC could command a premium over fiat currency. For example: where one euro of deposits in the commercial bank buys less than one euro’s worth of central bank digital currency,” Agustin Carstens, General Manager, Bank of International Settlements (BIS) states.

…what would the incentive be to maintain a “dual currency”, other than keeping alive the commercial banks?

This sounds to me like a “transitional period” where there is one rate for one currency and another for another. But it begs the question; what would the incentive be to maintain a “dual currency”, other than keeping alive the commercial banks? This could buy them time but not necessarily bode well for their customers. However, this is very likely, I hope a transitional scenario until the role of commercial banks is redefined and the public accepts digital currencies as part of their daily transactions.

A non-scientific observation could be made at this point. Considering that the new generations are tech-savvy, it could be much easier to imagine a world with the widespread use of digital currencies within the next 10 years and a digital-currency-only society by 2040, just over 20 years from now.

LET’S MAKE THE HISTORY OF DIGITAL FINANCE TOGETHER!

Download LAPO’s wallet.

Register for a crypto debit card.

Accept crypto payments into your business.

WEB/ COMMUNITY / FACEBOOK /TWITTER / LINKEDIN /CONTACT

Central Banks and Digital Currencies (CBDCs) — A Sound Likelihood was originally published in LAPOBlockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.