- BlackRock (NYSE:BLK) CEO, Larry Fink, is bullish on cryptocurrency.
- The CEO stated in that the Russia-Ukraine crisis has boosted the case for international settlements with cryptocurrency.
- The ongoing crisis has shown that cryptocurrencies can become a prominent tool for international settlements.
The CEO of the world’s largest asset management firm, BlackRock, is bullish on cryptocurrency and believes that the ongoing Russia-Ukraine crisis has boosted the case for blockchain-based currencies as a tool of settlement for cross-border transactions.
In the latest letter to shareholders, CEO Larry Fink noted that the ongoing war would give nations no choice but to reevaluate their currency dependencies which could potentially open up opportunities for a global digital payment network.
Fink added:
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption.”
Fink’s observation is spot on seeing that the sanctions on Russia have already led to many countries that ...