CEO of the world’s largest asset manager BlackRock believes that crypto adoption could accelerate due to the Russia-Ukraine war.
Larry Fink, CEO of investment management firm BlackRock, said the ongoing war between Russia and Ukraine will spur other countries to re-analyze their dependencies on traditional payment infrastructure and fiat currencies.to BlackRock’s shareholders,’ the exec weighed in on the potential impacts of the invasion and noted that it would boost the adoption of digital assets.
The NYC-based behemoth’s CEO added that a carefully planned global digital payment system could revamp the settlement of international transactions while mitigating the risk associated with money laundering and corruption. He even went on to state that digital currencies can cut down costs of cross-border payments.
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