People’s Bank of China (PBOC) is pushing for the Olympics 2022 to be carried in the spirit of cryptocurrencies. However, it has a catch. The Eastern Power wants to use the traditional sporting holiday as an opportunity to promote its state cryptocurrency, which is supposed to be launched somewhere in the middle of 2021. One horse was also sent to fight by United States of America. Libra is recruiting dozens of programmers across Europe.
PBOC: The Olympics 2022 revealed the launch of cryptocurrency
The news was released by the Chinese National Television. They quotes a high-ranking person who wished to remain anonymous.
Four banks from different regions of the country are involved in a project to slowly integrate the blockchain on which the state cryptocurrency would work since 2021.
The Olympics is an important holiday over which China wishes to have cultural control. Democratizing the cryptocurrency into society would make it possible to some extent.
Libra again in the duel
The intended digital tender Libra also did not fall asleep on its laurels. Facebook is recruiting programmers across Europe to develop its cryptocurrency.
The latest reports speak of fifty positions for programmers from Ireland who should be involved in the development of the new stablecoin.
Development was slowed down due to legislative obstacles in the United States.
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