The head of the IMF speaking positively about cryptocurrencies and blockchain
Kristin Lagarde said that with the help of cryptocurrency, it is possible to improve and make financial markets more efficient and accelerate the economic growth of developing countries. With the help of crypto coins, international transfers need to wait not several days, but a maximum of several hours. Cryptocurrencies will help diversify the financial landscape, which will allow averaging the balance between centralized and decentralized services of the financial ecosystem.
But despite this, the head of the IMF says that over the cryptocurrency industry it is necessary to work, as in its present form, it is not yet capable of winning the popular trust of the people. This is a good sign, as the sound policies and support of organizations such as the International Monetary Fund will be able to popularize the industry.