Bitcoin or Blockchain Eliminating Cash a ‘Pipe Dream”: Senior Indian Central Bank Official
Blockchain technology, the innovation behind digital currencies like bitcoin won’t be eliminating fiat cash despite gaining prominence in recent times, opined the deputy governor of India’s central bank. Speaking at the inaugural FinTech summit organized by prominent industry associations representing Indian commerce, industry and software, Reserve Bank of India (RBI) deputy governor R. Gandhi has dismissed suggestions that blockchain-based digital currencies would put an end to paper money. Pouring scorn over such a scenario, the central bank official was quoted by Indian business daily....
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