So they are proposing a virutal currency for ... virtual currencies? And this is supposed to be better how?
to make things really easy, they should put some number on everyone’s wrist or forehead to scan in order to make purchases.
i.e. fiat2 currency.
"Virtual currency" is probably not the best term, a "basket of currencies" would be more accurate.
And this is supposed to be better how?
Diversification and more stability. Other nations are becoming concerned that the U.S. Dollar will see high inflation. Of course this could happen to the other currencies also, but it's less likely to happen to all of them, or even most of them.