Why cryptocurrency will be able to develop without the support of wall Street: meet the CEO of Dash
Source:
Director-General and former Executive Director of the investment company on wall Street, Ryan Taylor gave an interview . According to him, cryptocurrency will grow without the help of wall Street. Also, the entrepreneur told us why she left traditional Finance.
Dash — anonymous digital cryptocurrency and a decentralized organization (DAO), which allows salespeople to process private payments to digital money. The most popular coin is in Venezuela and Zimbabwe.
theWhy cryptocurrency is better than the traditional Finance
After 15 years of experience in financial services Taylor left as an analyst in a hedge Fund with a market capitalization of $ 20 billion to deal Dash. According to the businessman, it had two reasons.
The First is the huge opportunities offered by cryptocurrency. At the time of the creation of the Dash that was incredibly immature industry, a niche with a huge potential for doing business. The second reason is that technology can change the world for the better, giving people more financial freedom. This is indeed an exciting field to work.
Wall street is trying to keep abreast of the new trends in the field of Finance. Therefore, many hedge funds and traditional banks are already developing the tools to work in this market, though, and flaunt it, confident Taylor. The cryptocurrency does not require the support of wall Street and will evolve independently, says the businessman.
theThe Crypto-currencies don't need traditional financial institutions of wall Street supported her. Market every year is growing and developing yourself. The interaction of digital money from banks and funds have their pros and cons, but in this collaboration, there is one serious advantage that outweighed all the faults.
Why cryptocurrency integration with banks
However, integration of cryptocurrencies into the mainstream financial system still has its advantages.
Imagine if the dollar were not integrated into the financial system. You would be to use it? The same applies to cryptocurrencies, for which the question of daily usage for payment of goods and services is one of the most important.
However, before they cause widespread proliferation of digital money, cryptologist need to overcome a number of barriers, adds the CEO of Dash.
Law
Now, regulatory uncertainty is preventing many companies have grown and freely offered the financial services of the new generation. Ultimately, however, regulators will be able to keep up with rapidly changing market of digital assets and establish clear rules on it. This happens when traditional banks will work with coins.
Now the main problem is that the Supervisory authority has always been focused on financial institutions, whereas the cryptocurrency movement began from below. Its ideology were ordinary people, not investors and bankers. It seems to me that the regulators will be able relatively quickly to adapt to these changes.
What do you think about the future of cryptocurrencies you? Whether it? Share your opinion in .
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