30 Nov '15, 4pm

Barbados Considers Bitcoin for International Reserves Portfolio - https://t.co/k3uIWvt3TD

The Central Bank of Barbados is considering to include cryptocurrencies in the portfolio of international reserves according to its latest document drafted by Winston Moore and Jeremy Stephen. Most central banks worldwide maintain a portfolio of assets which include gold, foreign exchange and internationally recognised reserve assets to allow countries to settle international transactions. Since the beginning of 2015, central banks such as the Bank of England have begun to explore the possibility of utilizing cryptocurrencies such as Bitcoin and its underlying technology, the distributed ledger technology to restructure their existing financial systems. Bitcoin and other cryptocurrencies are based on a distributed ledger, also known as the blockchain technology. It provides greater transparency and as a peer to peer network, enables cheap international micro transactions. ...

Full article: http://thebitcoinpro.com/barbados-considers-bitcoin-for-i...

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