March 28, 2024

Digital assets will be integrated into the financial system

Digital assets will be integrated into the financial system

Larry Fink, head of investment giant BlackRock Inc (BLK.N), the company that managesfinancial assets worth about 9.5 trilliondollars, said that the geopolitical events taking place now in the world have the consequence that the global financial system can begin to actively integrate digital assets into itself.

He believes, turning to investors ina special letter that the world will be developing new payment systems that will be built on the basis of digital assets, and that humanity will be interested in the existence of such systems, given the additional and public transparency of transactions that new technologies provide.

The emergence of new digital payment systems willcreate strong competition for classic players in this area, from SWIFT to PayPal, Visa and Mastercard. At the same time, the peculiarity of innovations will make it necessary to find an approach to the regulation of new payment systems based on consensus between states.

The expert also emphasized that modern realitiesin the world lead to the fact that some countries are beginning to rethink their dependence on certain currencies of other countries. His words echo what IMF Deputy Managing Director Gita Gopinath said this week: She predicts that the world's central banks will begin to reconsider the share of foreign currencies, including the U.S. dollar, in their reserves.

Analysts note that Larry Fink seems to have begun to change his attitude towards cryptocurrencies, as back in July last year he stated that he did not see much interest in cryptocurrencies.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Digital assets will be integrated into the financial system

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