Larry Fink, the CEO of the world’s largest asset manager BlackRock (NYSE:BLK), believes the ongoing Russia - Ukraine crisis has boosted the case for digital currencies as a tool of settlement for international transactions.
In a shareholders letter, Fink noted that the ongoing war would force nations to reassess their currency dependencies which could eventually make way for a global digital payment network, reported Reuters He said the war has put an end to the globalization forces at work over the past 30 years.