
What is Digital Currency???
Digital currency requires a huge commitment in time to create, but in essence anyone can create their own digital currency !
Here at DigitalGuardDog, we use the same technical architecture (Blockchain) and create solutions that could disrupt the industries. The main options include creating your own blockchain, modifying an existing blockchain or hiring a blockchain developer.Even in the UK, the Bank of England are looking at creating CBDC, central bank digital currency – it’s called digital or electronic currency as there will be no physical coinage or notes and will always only be in the form of an amount of worth held on a computer or smart device. Currently, the Bank of England website reports that they continue to look closely at how ‘Britcoin’ might work and have yet to make any decision.
Around 10 countries are in the process of launching a digital curency, including China, Nigeria and Jamaica (JAM-DEX) and to buy crypto-currency you’ll need to create a crypto account from industry performers such as Kraken, Kucoin, Binance or Crypto.com but here at DigitalGuardDog we are keen to see where the cryptocurrency path will lead for many of our current and future clients.