A lot has been said about the competition between Bitcoin and other cryptocurrencies (altcoins) and nations Fiat currencies.
In the course of a panel discussion Organized by a Video Conferencing platform Airmeet, on the topic “Liberalizing International Trade : Blockchain and Cryptocurrency”, Eloisa Marchesoni, the youngest and most important Blockchain expert, CEO and Co Founder Blackchain, said that Cryptocurrency will easily replace Fiat currencies.
In her exact words:
” Cryptocurrency will not just easily replace Fiat , but there will be a stage when the central banks would be forced to take crypto into consideration. As mass adoption increases, the central banks in a bid not to miss out from global economical changes would adopt Cryptocurrency ” .
As a lot of institutional investors are looking into Cryptocurrency intensely, most recently PayPal which announced that they will start allowing it’s US users to start buying and selling Cryptocurrencies directly from their PayPal account.
The Announcement goes thus :
we announced that PayPal users in the US can buy , sell and hold select Cryptocurrencies directly through PayPal using their cash or cash plus account, users will be able to learn about Crypto, track Crypto prices, all without leaving the PayPal App.
The panel discussion also included Daniele Marinelli (Founder DTcoin), Mark (managing member at global capital solutions), Lucky Uwakwe (Founder, SaBi Groups), Lee(Moderator and CEO at Coinnewsextra) .
The Panel dived deeply into the potentials of Blockchain and Cryptocurrency and it’s capability of facilitating and enhancing international trade.
How do you see the words of Eloisa? Do they seem realistic? What’s your say on having more institutional investors onboarding the crypto space?
Drop your comments.