The Long Road to #blockchain Adoption Might be Getting Shorter
▻https://hackernoon.com/the-long-road-to-blockchain-adoption-might-be-getting-shorter-b5d01a6ed6
image source: PexelsIn September last year, Christina Lagarde, the head of IMF, gave an incredible speech about Central Banking and Fintech in a Bank of England Conference in London. The most notable theme in the presentation was the role of virtual currencies and their place in disrupting the traditional financial systems as we know them.According to Lagarde, virtual currencies such as Bitcoin are offering to solve existing problems and therefore mainstream finance should not take them lightly. However, she notes that the mass adoption of the digital currencies is still far from realization given that they are too volatile, highly energy intensive and blockchain- the technology behind them is still not yet scalable. There is also an issue with regulation, with governments across the (...)
#payment-systems #blockchain-adoption #blockchain-technology #payment-processing