Bitcoin will always be the de-facto currency of the IMF/World Bank because of the Technology and use by the markets and the ease of access. These are the factors that affect it’s adoption.
1) No inflation, 2) Ease of conversion to other Crypto assests. 3) Control of Limited Supply. 4) Ideals of it’s core technologies. 5) Backed up by all my Technological Technologies 6) Confidence of Value.
Those who has huge controls of the global economic pie would want to control their own digital assets, creating their own versions of their digital assets like Central Bankers of
1) China (PCOB)
2) ECB (EU)
3) US and the rest of the world (XRP)
I do not control the markets and eventually the markets will decide which crypto currencies will be used in the different markets, how Central Bankers will use it for payments and settlements. Please take note the issues of supply and confidence especially of mining of these digital assets in these 3 different markets and the fragmentation of technologies used to solve problems in different assets like title deeds for real estate, cars, comodiities and debts etc. Even contents like videos and music can be digitiised and monetiised in blockchain with controls in IPs and how you want to distribute your rights for creators. It all depends on your business models.
Lastly the Laws covering different markets and the taxation of digital assets will determine the different digital assets used. There will not be a 1 solution fits all. Most likely you need to study and research the white paper to determine the suitability of the digital assets used. Facebook Libra is a stable coin is a stored value digital currency that has a global reach but due to the laws covering different markets it is unable to succeed getting licences in different markets as it needs to get virtual banking licences with governments in the different countries want to licenced and control. Libra is no different from fiat money that is why it needs to have a basket of assets to determine it’s value and it’s confidence of value. Central Bankers will always want controls over it’s use and liquidity, and same as fiat money if you start printing money more than 700% of what you have with capital controls you will cause a loss of confidence in your digital asset like fiat money. Only Bitcoin is different because it is backed by my trillions of technologies which no other digital asset has. If you understand all my logic you will understand that all the hundreds of cryto currencies that is in the markets, it’s REAL value will be it’s adoption and the technologies behind it, how widespread is it’s use to determine it’s value. All others will die a natural death.
PS : I do not talk nonsense without proof. All my views are based on more than 7 years of study and research on all my solutions in the Global Economy, Technologies behind it, and my ability to have a vision to see the future with God’s help to provide a TOTAL solution to all the global problems with a 100% solution. Only IMF/World Bank can print unlimited supply of Bitcoin after I complete my works in mid 2020 and licenced it to the United Nations. There is only one way Facebook Libra can be adopted, like Bitcoin it needs to be unregulated and a decentralised currency, no government or private controls, and it’s business model must change, not a stable coin but a lesser global reach to control specialised markets like remittance etc, but again you got laws to regulate this, how to solve this problem to prevent yourself getting a virtual banking licence, if you solve this you will become a global player.
Contributed by Oogle.