10/11/19 03:10 UTC-5

Jesse Powell: digital yuan will push the United States to create cryptocurrency

CryptocurrencyUS cryptocurrency will be created after the digital yuan
US cryptocurrency will be created after the digital yuan

The future Chinese digital yuan, may push the United States to create its own cryptocurrency. This was stated by the CEO of Kraken cryptocurrency exchange, Jesse Powell, in an interview with Youtube.  


US cryptocurrency

Jesse Powell believes that if China does launch its centralized digital asset, it will force the US to begin work on its own cryptocurrency.

The US is very restrained in its statements about blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
and digital assets. Powell attributes this to fear of radical change.

“The American dollar is the world's reserve currency. Understanding this, you realize that if you lose this position, you will lose a lot, not to mention that hyperinflation can begin in the country. So much is at stake,” Powell said.

Interesting in the section: Chinese crypto-yuan is similar to Libra. He must protect the sovereignty of China

See also: "Banking regulators are studying the requirements for cryptocurrency capital"

#JessePowell #digitalyuan #cryptocurrency #USA

Editor: Yuliya Soroka


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