US investment bank Morgan Stanley cryptocurrency leader Sheena Shahthe adoption and use of which increased even more with the Russo-Ukrainian war. cryptocurrencies spoke about.
Cryptocurrency Has Begun To Be Used As A Currency!
Speaking on Morgan Stanley’s “Market Thoughts” podcast, Sheena Shah said that consumers and businesses alike cryptocurrencies stated that he used more in his transactions.
Shah, the increasing use of cryptocurrencies US dollar argued that it would challenge its sovereignty and begin to become a currency.
“Consumers and businesses are increasingly looking to transact in cryptocurrencies.
As crypto transactions become easier and regulations are defined, cryptocurrencies can become a currency.”
to cryptocurrencies Contrary to those who oppose it, Sheena Shah said that prices will become more stable as cryptocurrencies become more used for everyday purchases of goods and services.
In line with Sheena Shah’s statements, some corporate companies, municipalities or countries continue to take steps to use cryptocurrencies as a currency.
A pioneer in this El Salvador in September of 2021 Bitcoin adopted as legal currency. Recently, the city of Brazil Rio de Janeiro, It has announced that it will allow cryptocurrency payments for taxes from 2023.
Drawing attention to the increasing popularity of cryptocurrencies in the past few days, Gita Gopinath, vice-president of the IMF He also said that with the Russia-Ukraine war, the use of cryptocurrencies increased and the dominance of the US dollar decreased.