According to the mayor of Chicago Emanuel Frame, the mass adoption of cryptocurrency is inevitable due to the increasing global instability and financial crises in various countries. Reported by Forbes.
In a speech on the prospects of development of the FINTECH industry, RAM said:
“The nation-state disintegrate and survive crises. Develop the city’s changing political system, against which we all grew up with. Perhaps somewhere in Argentina someone once try to understand how to use cryptocurrencies to survive in the financial crisis. And then you realize that this process [of mass-making] began”
On the question of the prospects of the blockchain and cryptocurrency, the mayor of Chicago said that this area “is not his strong point,” but, in his view, “the trend lines clearly point to its development.”
He also added that crypto currencies are in demand in countries such as Iran and Venezuela, which faced international sanctions.
We will remind, earlier the head of the blockchain startup ConsenSys Joseph Lubin expressed the opinion that due to the widespread introduction of the technology of the blockchain, the world economy will grow 10-fold over the next few decades.