IMF Chief Economist: Digital Currencies Can`t Replace US Dollar
The chief economist of the International Monetary Fund (IMF), Gita Gopinath thinks that Bitcoin and other cryptocurrencies will not replace or even compete with the US dollar in the near future. A leading financial expert published an article in the Financial Times, in which she emphasized that Zuckerberg’s plans to launch Libra brought the topic of creating public stablecoins to a whole new level. She admits that digital currencies have certain advantages, but in any case, they will not be able to remove the US dollar off the pedestal of the global economy in the near future. Gita Gopinath notes that the cryptocurrency industry infrastructure is not enough developed yet, which is one of the biggest problems on the way to popularizing the digital economy. Earlier we wrote that the World Bank plans to launch its own cryptocurrency together with the IMF.