Cryptos maintain potential to find application in future world economy, says NASDAQ CEO

Posted 22 January, 2019

Cryptocurrencies, including Bitcoin, deserve to be part of a sustainable future world economy, believes Adena Friedman, CEO and President of Nasdaq, the leading stock exchange.

She shared her view on cryptocurrencies and the ways of how the market will develop further in a recent LinkedIn post published ahead of the International Economic Forum in Davos slated to begin on January 22.

According to the CEO, after Bitcoin grabbed the world ten years ago, thousands of cryptocurrencies appeared, attracting the attention of investors. The whole concept underwent through every stage of the classical life cycle of any technological invention: from early pioneers to hype, resulting in a large number of newcomers, followed by the inevitable consequences.

Pursuant to Friedman, there are two possible future scenarios. First of all, cryptocurrencies can find practical application and thus will be integrated into the economy. Meanwhile, another possible development is that cryptos may enjoy wide recognition and its commercial use as a mean of exchange will be limited.

The use of the blockchain technology and the crypto industry, however, only keep on growing, attracting more and more new investors. 

"This technology itself is a terrific demonstration of genius and creativity and deserves to find its place in the sustainable future of our economy," she opines in the post.

Friedman believes that the regulations are needed to move forward. After global governments clarify them, the cryptocurrencies may find practical application in regular life, gain sustainable value, and facilitate all the financial aspects of life. Nasdaq holds a finger on the industry’s pulse as well, investing in cryptocurrency companies. Moreover, the company is planning to launch Bitcoin futures this year. 

Previous story

23 January, 2019 11:06

← ICE Bakkt platform announces job openings

On January 22, ICE's trading platform Bakkt announced the launch of the hiring process with 8 new jobs to be filled on upcoming long-awaited start of the operations. The jobs opening is mostly launched in Atlanta, though there are also vacancies for the people from New York, Tokoyo, Hong Kong, London, San Francisco, Singapore and Tel Aviv. The company is looking for different experienced blockchain developers as well as some high-level employees, including director of security engineering, director for blockchain engineering and director of finance.

ICE Bakkt platform announces job openings

Next story

22 January, 2019 14:22

Coinbase announces cross-border transfers for institutional clients in Asia and Europe →

Coinbase, a US-based crypto exchange, opens new services to its Asian, European, and UK customers with an opportunity to conduct cross-border transfers. It is going to launch international wire transfers SWIFT enabling customers that still cannot replenish accounts with fiats in their countries using non-US bank accounts. This move will help to attract new clients and open access to the exchange for those that may use the exchange services for the first time.

Coinbase announces cross-border transfers for institutional clients in Asia and Europe
Write a comment
Prove you’re not a bot + 8 = 23