Nasdaq sees great potentials in launching cryptocurrency when the crypto market is more mature. Its chief executive Adena Friedman believes that cryptocurrency offers a more globalized payment mechanism that can be a better option in transferring money across continents. It allows the kind of efficiency that can support the internet economy. Though the jury is still considering which coin to adopt, Friedman has expressed that it can be the right next step in the space of currency and she is open to listing cryptocurrencies on one of the company’s trading platforms. She presupposes that a particular coin or token will eventually be mass-adopted because global payment mechanism looks like the perfect fit for the cross-border digital economy.
According to CCN, Friedman mentioned that Nasdaq has started to explore a bitcoin future’s product to function as a long-term investment as well as explained that blockchain technology offers a big incentive as it helps take a lot of risk out of the system so that the banks don’t have to be as capital intensive. Further on, she anticipates that transformation of the financial system by blockchain will be gradual starting from markets with more inefficient systems and less regulations. She hopes that a demonstration of blockchain efficiency can be tested in the Nasdaq private market or the industry of fund as this can bring a strong motivation to a lot of people.
Currently, governments across the globe are looking into establishing their respective legal frameworks for both cryptocurrency and blockchain. If proper government regulations can be put in place for digital currency and its technology, it can develop faster for everyone to benefit from. Get the most out of it from a promising altcoin called Orozucoin. Visit Orozu for the best discovery journey you can have.
)