Kriptokoin.com –76 years after the Bretton Woods conference, as governments begin to focus on Blockchain seriously, the future of the US dollar becomes uncertain. In his new statements, Ripple CEO Brad Galirnghouse states that governments have been seriously studying Blockchain after rejecting technology as “deception ol for years.
Ripple CEO draws attention to the rise of crypto currencies while the dollar weakens
Ripple CEO Brad Garlinghouse claims that the US dollar will not be destroyed by gold, yuan or crypto currencies in the near future. However, according to Brad Garlinghouse, the dollar is gradually weakening. According to Brad Garlinghouse, the crypto currency market continued to grow during the weakening of the US dollar. According to Ripple CEO, the dollar depreciated by 3 %compared to a year ago, and the crypto currency market grew by more than 70 %in the same process.
During the ongoing crisis, Brad Garlinghouse referred to a new Bloomberg article that investigates its potential advantages and disadvantages for the dollar questioned as a value tank. The Federal Reserve (FED) has raised $ 3 trillion since February to support the wounded US economy, reduced interest rates to zero and promised to keep it at this level until 2022. According to Ripple CEO, therefore the dollar may soon lose its status as a global currency. Brad Garlinghouse adds the following to the subject:
As a reserve currency, real concerns about the long life of the US dollar began to emerge.
Brad Garlinghouse calls the US to focus on crypto currencies for competition with China
Ripple CEO draws attention to the potential of crypto currencies in an environment where the dollar collapses. Goldman calls Gold as the “last remedy currency .. As previously reported, Brad Garlinghouse called on US deputies and regulators to focus on digital currencies in May to compete with China.
Although crypto currencies such as Bitcoin are very variable, China’s Central Bank called “DCEP“ can raise the Yuan to the status of a new reserve currency if the dollar is not digitalized. Brad Garlinghouse’s concerns can be particularly understood because the resulting CBDCs make XRP from the cross -border payments sector and make it completely unnecessary.
