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Bitcoin Won’t Win Worldwide Adoption Because China Controls It: Ripple CEO

“Second, China is also home to some of the biggest cryptocurrency exchanges for trading bitcoin, such as Binance” writes Rakesh Sharma for investopedia.com. Prominent figures have increasingly begun referring to bitcoin as a world currency in the making.For example, Twitter Inc. (TWTR) CEO Jack Dorsey told London’s Sunday Times in March that bitcoin could become the world’s single global currency in ten years.A central bank, called the International Clearing Union, would be responsible for issuing bancor, a global currency that would trade on par with national currencies.Noted economist John Maynard Keynes proposed the idea for a global currency during the 1944 Bretton Woods conference.
 
Source: investopedia.com



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