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Parman, a writer and expert on cryptocurrencies, has taught his latest artificial intelligence that bitcoin (BTC) will be the end of government-issued fiat money. More specifically, Parman said he made ChatGPT swallow the "orange pill" (a slang term that conveys the idea that BTC will become a global reserve asset or a term denoting the opening of investor eyes to BTC).
It all started with an innocent question posed by ChatGPT: "How could humanity end central banking?"
ChatGPT replied that one possible way is digital currencies like bitcoin, which is fully decentralized thanks to the blockchain and cannot be influenced by anyone. ChatGPT also said that BTC could give people more control over their money and make them less reliant on centralized banking systems.
Other crypto websites have told people not to forget the message Satoshi Nakamoto put in the "genesis block," which is the name for the first block of cryptocurrency ever mined. "The Times, January 3, 2009: Chancellor on brink of second bailout for banks". Although the exact wording of Nakamoto's message has never been made public, many believe he was making a statement against centralized banking.
The move marks another milestone towards the UK becoming a "crypto hub" and is in line with the government's move towards using stablecoins for wholesale settlements. UK Prime Minister Rish Sunak has also been vocal in his support for "digital settlement assets," the country's new preferred term for cryptocurrencies, while his government is recruiting people for senior roles at the central bank of digital currencies.
The partnership between Poundtoken and BitcoinPoint will create the country's first British Pound "stablecoin," GBPT. The "Great British Pound Token" is meant to bring blockchain and cryptocurrencies to the UK and make it easier for people to use them. It is time for Europe's second-strongest economy to start realizing its potential as a world leader in cryptocurrencies.
The UK's native stablecoin has been integrated into over 18,000 ATMs across the country. As a result, Britons can now withdraw physical cash for GBPT, the one-for-one British pound stablecoin, as well as other cryptocurrencies, from UK ATMs.