Norway almost no longer spends banknotes, but the central bank ignores Bitcoin

Some countries are competing to become countries that stop spending paper money and turn to digital spending. Norway is considered a society that has almost stopped using banknotes for daily spending, while now only 4% of cash or coin payments.\

Although Northern Europe is one of the least expensive countries in the world, its central bank is not interested in Bitcoin, the world's most popular digital currency.

According to Oytstein Olsen, head of the Central Bank of Norway, quoted by CNBC, he did not advise people to use Bitcoin instead of real money because it is complicated and, in particular, it can not. Maintain stability.

He added that some people who support Bitcoin say that Bitcoin is a currency that helps prevent or counteract the rise in inflation and the US dollar. Others say it will overtake the dollar and become the world's reserve.

As for Oytstein Olsen, he does not think so. He said the central role of each central bank is to maintain the stability of the currency issued by the government. As for Bitcoin, it can not guarantee stability, that is, its price changes all the time.

However, Ida Wolden, vice president of the Central Bank of Norway, said that with the growing number of people interested in digital money around the world and the low cash flow in Norway, the Norwegian central bank will consider setting up a bank. Personal digital money.

It should also be noted that in 2021, Bitcoin seems to be a very strong code, with the price of its price increased significantly. As of today, Bitcoin is worth more than $ 50,000 per coin. Bitcoin started to rise after Elon Musk's Tesla's $ 1.5 billion investment in digital currency.

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