This week Lazard CEO, Ken Jacobs, and CEO of Saudi-based digital payment solutions company PayTabs, Abdulaziz Al Jouf, have spoken highly about the future of cryptocurrencies. While the former says that cryptocurrency could eventually replace the U.S. dollar as a reserve currency, the latter simply stated that “it is here to stay.”

In an interview with Bloomberg Jacobs commented on the current U.S. isolationism partially resulting from Donald Trump’s policy emphasizing that “the U.S. dollar has been the international currency of choice for more than half a century because of its stability in global markets.” And while the EU and China may be willing to seek a different solution and replace the U.S. currency “threats to that status are still far off because the main currencies in Europe and China are unlikely replacements.”

However, Jacobs does not rule out that one day this may very well happen with cryptocurrencies becoming the replacement.

“There’s enough technology out in the world today with cryptocurrency and changes going on that you can imagine if you let your mind wander a little bit, that something becomes an alternative in the future,” he said.

Lazard is an asset management company based in Bermuda.

Concurrently Al Jouf told Arabian Business noted that the digital currency is unlikely to be banned saying, “cryptocurrency is here to stay. How will this happen? There are different dimensions and different directions where this will go. Keep in mind that until today, central banks are trying hard to ban [cryptocurrency] because they feel it is out of [their] control.”

He also added that the reason why cryptocurrency was launched in the first place “is because of the massive financial market collapse in 2011… [It aimed] to make sure currencies and money is protected everywhere.”

Al Jouf also stressed that currently cryptocurrencies are used to “make an extra buck,” and it is necessary to understand the use of the digital payment option. He added that he “is finding ways of using cryptocurrency to speed up remittance.”

“We’re working on a couple of projects in Asia on how to use cryptocurrency so that it’s still compliant with regulation. We’re working on speeding up the process of someone who wants to send money abroad from [Dubai] to the Philippines, for example,” he said.

It is noteworthy that other big companies, like Fidelity, are also working on implementing cryptocurrencies. Thus the American investment giant has recently begun internal discussions about hiring for a new cryptocurrency exchange.

 

83 COMMENTS

  1. Howdy! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions? Appreciate it

    http://www.furtdsolinopv.com/

  2. Thank you so much for providing individuals with an extremely nice opportunity to read in detail from this blog. It is usually very kind and as well , stuffed with a good time for me and my office fellow workers to search your web site more than thrice weekly to learn the newest issues you have. And lastly, we are certainly motivated considering the terrific solutions you give. Selected 2 ideas in this post are completely the finest we have all had.

    http://www.furtdsolinopv.com/

  3. I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.
    customized couple bracelets http://www.continuummusicum.it/modules.php?name=Your_Account&op=userinfo&username=ErvinCande

  4. Great post. I was checking continuously this blog and I’m impressed! Very useful information specifically the last part 🙂 I care for such information a lot. I was looking for this particular information for a long time. Thank you and best of luck.

    https://futureurlhere.tumblr.com

  5. [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]dissertation writer[/url]
    romeo and juliet essay help
    resume guide
    online essay writing service
    professional resume service
    web content writer

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]custom writing service[/url]
    writers for hire
    how to create a curriculum vitae in word
    cambridge international examinations
    essay writing reviews
    edexcel chemistry igcse

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]write my paper for me[/url]
    examples of academic writing essays
    written term papers
    cv designs
    create a professional cv
    curriculum vitae professional

    [url=http://www.blanco-nino.com/mex-in-the-city-sunday-times/#comment-1435]thesis paper[/url]
    land law coursework
    photo essay ideas
    icse vs igcse
    tips for writing a resume
    custom paper writing

    [url=https://www.4ward4x4.com/defender-rundrohr-seilwindenstossstange/#comment-715]custom writing service[/url]
    english language igcse
    custome writing
    hire writers
    online coursework
    need resume help

    [url=https://lovelandcappys.com/cappys-now-in-15-pack-cans-of-foundersbrewing-alldayipa/#comment-6307]writemypapers[/url]
    economics coursework
    curriculum vitae how to
    professional resume writing service
    philosophy essays
    check essay for plagiarism free

  6. [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]custom writing service[/url]
    ocr igcse
    gcse online learning
    gcse english test
    outlines for research papers
    resume career

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]writemypapers[/url]
    professional cv service
    writing the perfect cv
    latin gcse
    resume writing australian style
    statistics coursework example

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]type my essay[/url]
    essay form
    gcse retake
    abortion essay
    aims coursework
    igcse french revision

    [url=http://www.blanco-nino.com/mex-in-the-city-sunday-times/#comment-1435]thesis statement[/url]
    cv cover letters
    database coursework
    which essay writing service is the best
    help writing a resume
    custom written term papers

    [url=https://www.4ward4x4.com/defender-rundrohr-seilwindenstossstange/#comment-715]dissertation writer[/url]
    professional research paper writing service
    resume builder
    cheap custom
    type of resume format
    resume professional writers

    [url=https://lovelandcappys.com/cappys-now-in-15-pack-cans-of-foundersbrewing-alldayipa/#comment-6307]dissertation[/url]
    success essay
    custom paper
    written research papers
    homework teachers
    order custom term paper

  7. Thanks for sharing superb informations. Your web-site is very cool. I’m impressed by the details that you have on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found simply the info I already searched everywhere and simply couldn’t come across. What a perfect website.

    https://sydfukd.tumblr.com

  8. [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]custom essay writing[/url]
    best essay uk
    tips for resumes
    dissertation writing assistance
    best essays writing service
    get essay

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]dissertation[/url]
    how to write a good cv
    reasearch paper
    scholarship application essay
    gcse english test
    help me write an essay

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]type my essay[/url]
    resume services toronto
    essay on service
    resume format for it
    coursework information
    how to do resumes

    [url=http://www.blanco-nino.com/mex-in-the-city-sunday-times/#comment-1435]essay writing[/url]
    how do you make a cv
    help in writing an essay
    writing topics
    essay on paper
    cambridge examinations

    [url=https://www.4ward4x4.com/defender-rundrohr-seilwindenstossstange/#comment-715]essay writing[/url]
    essays about yourself
    personal resume format
    university coursework
    ghost writer
    ocr igcse

    [url=https://lovelandcappys.com/cappys-now-in-15-pack-cans-of-foundersbrewing-alldayipa/#comment-6307]write my paper for me[/url]
    custom research paper
    seo content writing services
    example essays
    secondary education certificate
    writing help uk

  9. [url=http://www.blanco-nino.com/mex-in-the-city-sunday-times/#comment-1435]write to them[/url]
    igcse level
    professional essay writing
    igcse thai
    igcse physics syllabus
    free essay checker

    [url=https://www.4ward4x4.com/defender-rundrohr-seilwindenstossstange/#comment-715]dissertation writer[/url]
    common app essay
    resume writing styles
    cv builder
    essay paper
    custom report writing

    [url=https://lovelandcappys.com/cappys-now-in-15-pack-cans-of-foundersbrewing-alldayipa/#comment-6307]thesis paper[/url]
    the academic writing
    writing a curriculum
    find curriculum vitae
    capital punishment essay
    igcse chemistry worksheets

    [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]write my paper[/url]
    gcse easter revision courses
    english gcse revision
    professional resume tips
    essay layout
    professional resume editing

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]dissertation writer[/url]
    research writing service
    career resume
    how to write my resume
    resume search
    custom essay writing services

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]write my essay[/url]
    narrative essays
    resume writing online
    compiling a cv
    how to write the best cv
    help with cv

  10. [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]type my essay[/url]
    academic coursework
    professional essay writing
    what to write in a cv
    creating a professional cv
    how to writing resume

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]write to them[/url]
    how to write a cv and cover letter
    coursework tips
    igcse maths book
    writing an effective cv
    writing paper service

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]write to them[/url]
    critical analysis essay
    essay writing prompts
    covering letter for curriculum vitae
    writing essays for college
    about resume

    [url=http://griffinhill.com/griffin-hill-training-camp/#comment-6727]argumentative essay[/url]
    cv writing professional
    best online paper writing service
    custom writing plagiarism checker
    essay on lion
    help making a resume

    [url=http://tarturotary.ee/ev100-kingituselt-langes-saladuseloor/#comment-53]argumentative essay[/url]
    masters by coursework
    education coursework
    essay writing guide
    outlines for essays
    write your will

    [url=http://heliocentrisacademia.com/2017/10/23/center-of-scientific-research-in-algeria/#comment-43]dissertation writer[/url]
    ict igcse syllabus
    executive cv writing
    successful resume writing
    essay writing skills
    academic writing services

  11. Hey there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Thanks for sharing!

    https://blackeyedunicorn.tumblr.com

  12. We absolutely love your blog and find the majority of your post’s to be exactly what I’m looking for. Do you offer guest writers to write content in your case? I wouldn’t mind writing a post or elaborating on a lot of the subjects you write about here. Again, awesome blog!

    http://thewinningzone-blog.tumblr.com/

  13. Hey there just wanted to give you a brief heads up and let you know a few of the images aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.
    stitch onesies

  14. PHP SEO: Search Engine Optimization
    php seo uzmanı olarak şirketimiz php seo hizmeti vermektedir günümüz ortamında site sahiplerinin php bilgisi nekadar iyi olsada php seo metotları arama motorlarında optimize edilmesi gereken hususlardan bir tanesi web siteniz nekadar iyi olsada arama motorlarına duyarlı olmasına özen gösterin. php seo uzmanlarımızdan destek alabilirsiniz.

  15. Wonderful story, reckoned we could combine several unrelated data, nonetheless really really worth taking a look, whoa did one learn about Mid East has got additional problerms as well

  16. ankara deha nakliyat firmansı. ankara evden eve nakliyat ev ofis taşımacılığı, şehiriçi şehirler arası nakliyat, eşya depolana hizmetlerini kusursuz olarak uzman kadromuzla 7/24 hizmetimizdeyiz ankara deha nakliyat firması…

  17. Antalya havaalanı transfer, alanında hizmet veren Antalya Transfer CLK Firması transfer servis araçlarıyla konforlu ve güvenli yolculuğu hesaplı fiyat politikasıyla beraber müşterilerine en iyi şekilde sunmaktadır.

    Araç filomuza kattığımız hem VIP hemde STANDART servis araçlarımızla misafirlerimizi Antalya havalimanından alarak istedikleriyle lokasyona transferlerinde hizmetinizdeyiz. Antalya havalimanı transferinde saat ve zaman önemli olduğu için misafirlerimiz asla beklemezler ve randevularına geç kalmazlar.
    Antalya Transfer CLK Firması olarak mutlu tatiller dileriz

  18. we like to honor several other world-wide-web internet sites around the internet, even if they arent linked to us, by linking to them. Underneath are some webpages really worth checking out

  19. You’re so interesting! I do not suppose I have read through anything like this before. So great to find another person with some genuine thoughts on this issue. Really.. many thanks for starting this up. This website is something that is needed on the internet, someone with some originality!
    Isaura Neely

  20. Unquestionably believe that which you stated. Your favourite justification appeared to be at the net the simplest thing to bear in mind of. I say to you, I definitely get annoyed even as other people think about concerns that they plainly do not realize about. You managed to hit the nail upon the highest and also defined out the whole thing without having side effect , folks could take a signal. Will probably be back to get more. Thanks

    http://bennett.kumpulansouvenir.com/invention-ideas-beginner-technology-helping-businesses/

  21. Wonderful story, reckoned we could combine several unrelated data, nevertheless seriously worth taking a appear, whoa did a single understand about Mid East has got additional problerms as well

  22. I have been exploring for a bit for any high quality articles or blog posts on this sort of space . Exploring in Yahoo I eventually stumbled upon this web site. Studying this info So i’m glad to show that I have an incredibly just right uncanny feeling I found out just what I needed. I such a lot for sure will make sure to do not omit this web site and give it a glance on a relentless basis.

    https://goo.gl/maps/dBDghyo9Bk12

  23. Great ?V I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Excellent task..

    https://rankingmatter.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here