If you look at the
existing legacy financial system, there needs to be appropriate portals and debt for purpose vehicles that can enable capital to flow into this space.
Obviously, no protocol has better core developers than Ethereum, but there aren't enough people that are going out and explaining the investment pieces of these tokens to
the legacy financial system.
Economic uncertainty around hyperinflation, bail - ins, negative interest rates and quantitative easing is shaking investor confidence in
the legacy financial system.
Lastly, the interoperability of bitcoin and ethereum - based tokens with other cryptocurrencies, and also with
the legacy financial system when being exchanged for fiat currencies, are processes wrought with friction.
But she went a step further, calling collaboration between blockchain startups and
the legacy financial system one of the great challenges slowing widespread adoption.
Tether.to is working tirelessly to disrupt
the legacy financial system through a more modern approach to money.
Glidera handles interactions with
the legacy financial system so our partners can focus on innovating within the Bitcoin ecosystem.
Glidera manages interaction with
the legacy financial system for its wallet partners.
«Virtual currency could eventually cause some amount of self - reflection in
the legacy financial system,» he said.
Under the heading, «Central Bank Digital Currency,» the RBI first acknowledged the many pitfalls of
its legacy financial system.