The central banks are looking at using a Virtual Currency. Could Bitcoin Gambling become the norm, one online casino already accepts Bitcoin payments.
The Advantage for Banks to use a Virtual Currency
The Bank of England and other Central Banks have stepped up their research into digital currencies. Bitcoin was the first but now there are others and it is catching on as an online payment system. Crytpocurrency or Virtual currency are other names used for digital currency. A universal name has yet to emerge, could it be Bitcoin?