Vitalik Buterin On Reasons Why The World Needs Crypto Money Over Traditional Fiat
The co-developer and co-founder of Ethereum in an interview with blankless is giving reasons why the world needs crypto money, which he is citing four reasons why this should be so relating to the collapse of FTX few weeks ago.
Vitalik in highlighting these reasons says that crypto is already better when you talk about transactional purposes and its transparency is second to none, we all know that several governmental bodies are clamoring for crypto regulation which is said to be a safer haven for institutional investors and investment.
Crypto currency will offer a plain level field as regards competition for the United States dollar for government around the globe, and also help in tackling high remittance fees for cross boarder payment across developing countries. Well my thoughts in all what have been said, that’s this is true but the competing with the untied states dollar would that be allowed? Because acceptance of these digital assets will have it’s own negative impact on traditional finance had we know it and I don’t think any government is quite ready for that yet.
But from the recent happenings seems we are almost there in seen this happening as stated above.
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