Bitcoin and Cryptocurrencies Archives - ESC Crypto Currency

IMF Head: Bitcoin and Cryptocurrencies Will Replace Banks

Earlier this week, Christine Lagarde, the head of the International Monetary Fund (IMF) stated that she believes bitcoin and cryptocurrencies will eventually replace banks and existing financial systems by eliminating the necessity for intermediaries and third party service providers. In a research paper shared by the Foundation For Economic Education (FEE), Lagarde wrote: “For now, virtual currencies such as Bitcoin […]