BREAKING NEWS - Cryptocurrencies
From the Emerging Technologies Blog
by Kevin Coleman
UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
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Recently, in a speech, Christine Lagarde Managing Director of the International Monetary Fund (IMF), issued a warning to financial institutions that . . .
“We are about to see massive disruptions” resulting from the combination of cryptocurrency and blockchain distributed ledger technologies. She went on to stress that institutions and regulators must “adjust… to the impact of the combined breakthrough technologies that will impact markets.”
LINK: https://news.bitcoin.com/cryptocurrencies-expected-to-cause-massive-disruptions-imf-managing-director/
Those are very powerful words, but wait - there's more!
In Bank of America's recent Securities and Exchange Commission (SEC) filing, the bank stated cryptocurrency poses a competitive threat to its business on three separate occasions within the document.
LINK: https://www.rt.com/business/419734-bank-america-cryptocurrency-threat/
Posted on: February 24, 2018 01:37 PM |
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Comments (9)
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Anish Abraham
Privacy Program Manager| University of Washington
Auburn, Wa, United States
Georgia Harris
GLH Project Manager| Independent Consultant
Pa, United States
How can anyone question what you have been saying about cryptocurrencies for some time now! The impact is now being felt.
No wonder the banks are sweating so much. Better to partner with cryptos than fight them.
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Sante you make a very good point. The impact is being felt now.
Evolution is hard to be stopped. Even Western Union is switching to Ripple for it's transactions.
https://cointelegraph.com/news/western-union-confirms-testing-ripple-technology-for-money-transfers
It seems they are becoming more and more are afraid of cryptocurrencies, because they forget to invest in new technologies. Creative destruction can't be stopped in any business. The same applies for renewable energies.
That's interesting Najam. I wonder why XRP has gone down further since that article.
Right Clemens. Wait for Crypto Banks to emerge ;-)
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