Wall Street Supports Blockchain, Not Crypto At Davos

This year, at The World Economic Forum at Davos, one of the most urgent problems, alongside with Brexit and global climate warming, is the role of cryptocurrency in the world. Some important individuals do not support crypto at all, considering the blockchain technology is much more helpful for the world. One of those is PayPal CEO, Dan Schulman. He has given an interview to CNBC recently, where he expressed skepticism towards crypto.

PayPal CEO: “We’re not seeing many retails at all accept any of the cryptocurrencies”

The Wall Street representatives at the Forum also have stuck to this idea – “blockchain, not crypto”. Joseph Young, a leading crypto analyst, compared crypto and blockchain to airplanes and engines, saying “airplanes will go to zero while engines have potential.”

Several blockchain companies do not trust crypto as well. Jeff Schumacher, the founder of BCG Digital Ventures, thinks BTC may fall to zero. He believes that blockchain technologies hold value, but noted that such innovations shouldn’t be applied to currencies.

We remind you

IBM Will Partner Up with a Bunch of Major Companies to Help Healthcare Using Blockchain

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/