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Cryptocurrencies To Be Universally Accepted — Mayor Of Chicago

16:02 22/03/2019
Chicago Mayor States Universal Crypto Adoption Is Inevitable

Chicago Mayor Rahm Emanuel spoke in favor of the universal adoption of bitcoin and cryptocurrencies in a short time and called instability on the financial markets of various countries and the globalization issues the reason for this, Forbes reports.

 

Emanuel gave a speech at an event, dedicated to financial and technological development in the Illinois capital, and shared his opinion on the crypto sphere and blockchain.

 

Since the countries, facing economic sanctions, such as Iran and Venezuela, are increasingly turning to cryptocurrency as a possible way to maintain their financial solvency, the adoption of digital assets may become inevitable, according to Emanuel.

 

The history shows that state formations are experiencing crisis and falling apart, global changes are taking place in the world, one political system is replacing another. It is likely that in any of these countries the authorities will pay attention to cryptocurrency to survive in the face of economic difficulties, then it will be possible to understand that the adoption of the crypto sphere began, the Mayor of Chicago stated.

 

Responding to the question about blockchain and the prospects for its development, Emanuel admitted that he did not have full knowledge in this area. However, the tendencies he observes indicate the popularity of distributed ledger technology.

 

The Chicago event was organized by David Carman, a long-time CBOE trader. The discussion was devoted to the question of how to make Chicago the world capital of crypto trading.

 

Earlier, Joseph Lubin, an Ethereum co-founder, stated that blockchain will help increase the pace of the global economy tenfold.

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