Archive for the ‘Fintech’ Category

Innovation in currency through financial technology is a bumpy ride for Bitcoin and Ethereum enthusiasts, but what of cross-border payments and blockchain insurance?

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Gary Gensler: Private Forms Money

Posted by admin on Friday, October 22, 2021

Securities and Exchange Commission Chairman Gary Gensler Money Quote saying that stablecoins and cryptocurrency are private forms of money and may lack long-term viability. Gary Gensler said:
 
I don’t think there’s a long-term viability for 5 or 6,000 private forms of money. History tells us otherwise Quote
 

Public money has a certain place around the globe, Private monies usually don’t last long, so I don’t think there’s a long-term viability for 5 or 6,000 private forms of money. History tells us otherwise” — Gary Gensler

 

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Jerome Powell: Regulate Crypto

Posted by admin on Friday, October 1, 2021

Jerome Powell Money Quote saying cryptocurrency is similar to money market funds and should be regulated the same. Jerome Powell said:
 
Stablecoins are like money market funds, they’re like bank deposits. But they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated Quote
 

“Stablecoins are like money market funds, they’re like bank deposits. But they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated” — Jerome Powell

 

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Jack Dorsey: Bitcoin Changes All

Posted by admin on Sunday, August 22, 2021

Jack Dorsey Money Quote saying bitcoin is of paramount importance – even worth it means dropping everything else to work on it. Jack Dorsey said:
 
Bitcoin changes absolutely everything, I don't think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin Quote
 

“Bitcoin changes absolutely everything, I don’t think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play” — Jack Dorsey

 

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Olawale Daniel: Bitcoin Commodity

Posted by admin on Tuesday, May 19, 2020

Olawale Daniel Money Quote saying cryptocurrency and the technology supporting it are distinct commodities, not portions of one another. Olawale Daniel said:
 
You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities Quote
 

“You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities” — Olawale Daniel

 

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Bill Ackman: Shutdown Capitalism

Posted by admin on Sunday, May 10, 2020

Bill Ackman Money Quote saying short term shutdown is financially feasible, while long term shutdowns threaten capitalism. Bill Ackman said:
 
Capitalism does not work in an 18-month shutdown; capitalism can work in a 30-day shutdown Quote
 

Capitalism does not work in an 18-month shutdown; capitalism can work in a 30-day shutdown” — Bill Ackman

 

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Paul Volcker: Global Currency

Posted by admin on Thursday, December 12, 2019

Paul Volcker Money Quote saying something that has a new meaning (cryptocurrency) he might not have intended when he said it. Paul Volcker said:
 
A global economy requires a global currency Quote
 

“A global economy requires a global currency” — Paul Volcker

 

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Bill Nye: Bitcoin Commerce

Posted by admin on Wednesday, November 27, 2019

Bill Nye Money Quote saying electronic payments are inevitable for most forms of commerce, it might be bitcoin or not. Bill Nye said:
 
If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future Quote
 

“If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future” — Bill Nye

 

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Mark Mobius: Psycho Currencies

Posted by admin on Wednesday, August 21, 2019

Mark Mobius Money Quote saying cryptocurrencies are dependent on faith and it could label believers as crazy – however the same belief is required of fiat currency. Mark Mobius said:
 
I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies Quote
Mark Mobius Money Quote
 

“You have all these currencies, new currencies coming into play. I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies” — Mark Mobius

 

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