New York plans to launch its crypto payment system

The US region plans to take an important step in the blockchain world, with the implementation of its own method to cancel purchases and services with digital assets

The state of New York is working on the development of its own payment system for cryptocurrencies, which would be applied in the coming years.

This is very interesting for the world of blockchain technology, since repeatedly the region strongly attacked cryptocurrencies.

Several analysts say this is a move, which aims to stop or control the use of blockchain and cryptocurrencies within the state.

New York seems to be following in the footsteps of China, which has worked very hard to limit the position of bitcoin within its borders while boosting its own digital yuan agenda.

New York regulators face this situation, and according to a study carried out, ensure that in the region there is a large “unbanked population”, given that a large part of its residents do not have access to the appropriate means of credit.

K. Tovar

Source: Cointelegraph

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