Wences Cesares: Trust in Currency Value

Posted by admin on Monday, December 7, 2015

Wences Cesares (Xapo CEO) Money Quotation saying there are many countries where the currency is devalued by governments and their citizens don’t trust that the money will remain at that value. Wences Cesares, Xapo CEO said:
 
There are more people in the world who need a currency they can trust than there are people in the who can trust their currency Quote
 

“There are more people in the world who need a currency they can trust than there are people in the who can trust their currency” — Wences Cesares

 

Share </> Quote Image

Share the Wences Cesares Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Wences Cesares is highlighting the large number of people globally who lack trust and confidence in their national currencies or monetary systems. He suggests that there are more individuals worldwide who desire a reliable, trustworthy form of money than those who currently have faith in the currencies issued by their governments.

Cesares seems to be implying that cryptocurrencies and decentralized digital assets have the potential to fill this need for millions who live in countries with unstable or devalued fiat money.

His view is that political and economic instability in many nations has undermined public trust in official currencies, and innovations outside the traditional system may offer more people a monetary network they feel secure relying on for their financial needs and security.

Quote Search

 

Categories: Fintech Tagged:

Leave a Reply

You must be logged in to post a comment.

Money Quotes Daily

Money Quotes Daily