Christine Lagarde: Prefer Virtual Currencies

Posted by admin on Thursday, October 5, 2017

Christine Lagarde Money Quote spoke as director of the International Monetary Fund (IMF) that people may want the option to use cryptocurrency because it is similar to cash. Christine Lagarde said:
Citizens prefer virtual currencies, same cost and convenience as cash Quote

“Citizens may one day prefer virtual currencies, since they potentially offer the same cost and convenience as cash—no settlement risks, no clearing delays, no central registration, no intermediary to check accounts and identities” — Christine Lagarde


Share </> Quote Image

Share the Christine Lagarde Money quote image above on your site:

Short Link to this Quote:



Christine Lagarde says people may prefer virtual currencies to cash because they offer some of the same benefits as cash, according to the article.

Specifically, virtual currencies like cryptocurrency potentially offer the same low costs and convenience as cash, without the drawbacks of cash like settlement risks, clearing delays when making transactions, and the need for intermediaries to verify accounts and identities.

So in summary, Lagarde believes virtual currencies could be as easy and inexpensive to use as cash, without certain transactional problems associated with physical money.

Quote Search


Categories: Fintech Tagged:

Leave a Reply

You must be logged in to post a comment.

Money Quotes Daily

Money Quotes Daily