That’s right everyone. The dots for connecting digital assets with real world use cases are growing in number. It reminds me of when as a child, I would connect dots on paper to get a final picture. Sometimes the dots were so few that you could not really visualize what the image would be, but there were also those pictures with so many dots, you could immediately see what was going to present itself.
The picture has been adding dots and a perfect example is the DTCC partnering with a multitude of tech firms in the distributed ledger technology (DLT) and digital asset sphere.
Look around at the mainstream traction that digital assets have been gaining. Brad Garlinghouse, CEO of Ripple just had an interview on CNN explaining the way their native cryptocurrency XRP functions in the banking world. Watch the interview here.
It is highly likely that the digital asset world will shed many of the participants in the coming months as regulators begin determining how best to allow these technologies to function parallel to the existing currency frameworks of global economies.
France, along with other governments, fear the affect of projects such as Facebook’s Libra. Ultimately, national governments are concerned of the threat to their monetary sovereignty with the creation of digital currencies that are designed to compete with, replace, or even coexist with the fiat of the nation. BBC has an article of interest to explain their stance on the Facebook Libra project.
Words and opinions are my own. This is for entertainment purposes and to share my own opinions. This is not financial advice.
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