From the International Monetary Fund (IMF) to some of the leading market watchers in our region, the general feeling is that cryptocurrencies are going to continue to boom and will become a significant part of the global banking sector. Techwitty CEO Kevin O’Hara discusses cryptocurrencies with TechInvest Magazine…

From the IMF to market specialists almost-everyone-is-bullish-on the future of cryptocurrencies

Speaking at a conference in London recently, IMF Managing Director Christine Lagarde told delegates that one day citizens may prefer virtual currencies, since they potentially offer the same cost and convenience as cash, with no settlement risks, no clearing delays, no central registration and no intermediary to check accounts and identities.

Ms Lagarde also suggested that cryptocurrencies may be the answer for many countries with currency issues.

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