Posts Tagged ‘currencies’
Mark Mobius: Psycho Currencies
on Wednesday, August 21, 2019Mark 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:
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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Bloomberg News Video
Christine Lagarde: Central Banks Digital
on Friday, October 6, 2017Christine Lagarde Money Quote saying as Director of IMF, that people may ask banks to provide stable on reliable cryptocurrencies if private forms don’t stabilize. Christine Lagarde said:
“If privately issued virtual currencies remain risky and unstable, citizens may even call on central banks to provide digital forms of legal tender” — Christine Lagarde
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Christine Lagarde: Prefer Virtual Currencies
on Thursday, October 5, 2017Christine Lagarde Money Quote saying 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 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
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Dan Schulman: Fintech Trends for Growth
on Monday, February 13, 2017
Paypal CEO Daniel Schulman Money Quote saying every form of consumer financial activity is going digital and transforming all aspects of transactional commerce. Daniel Schulman said:
“Currencies of all kind are digitizing, checks are disappearing although 85% of the worlds transactions are still in cash, they’re increasingly digitizing. So you’ve got money in general digitizing and whether that be in the form of cards, digitized or actually currency itself will start to digitize as well” — Dan Schulman
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Evgeny Kaspersky: Cryptocurrency Banned?
on Wednesday, December 16, 2015Evgeny Kaspersky Money Quotation saying regulation of cryptocurrency will not happen until it affects government control of revenue, then it will become illegal. Evgeny Kaspersky said:
I am more than sure that different countries will take turns to prohibit the use of cryptocurrency because they can’t control it. As long as they do not interfere, authorities won’t pay attention. Once [cryptocurrencies] begin to displace the national currencies – they will be immediately banned
— Evgeny Kaspersky
