NEW ZEALAND RESERVE BANK SAYS FUTURE DIGITAL CURRENCIES WILL BECOME MORE REALISTIC THAN CASH

Deputy governor Grant Spencer of the New Zealand Reserve Bank commented on digital currency during his speech at the Payments New Zealand conference in Auckland. His feelings toward digital currency looks hopeful and positive compared to the response from other countries.
‘As the currency issuer, the Reserve Bank does not feel threatened by Bitcoin which seems to behave more like a commodity than a currency.’
According to stuff.co.nz, Spencer continued his comments on digital currency, giving a favorable opinion on the future.
‘However, I do not doubt that future digital currencies will become more realistic substitutes for cash.’

This post was published at Crypto Coins News on November 12, 2014.