Posts Tagged: Morgan Stanley

IMF Chief: Cryptocurrencies Will Give Banks ‘a Run for Their Money’

Christine Lagarde Cryptocurrencies

The head of the International Monetary Fund (IMF) has said cryptocurrencies may eventually give traditional banking systems ‘a run for their money.’ Speaking at a Bank of England conference at the end of September, Christine Lagarde, the managing director of the IMF, said that ‘it may not be wise to dismiss virtual currencies.’ She added, however,… Read more »

Morgan Stanley: We Don’t Expect Cryptocurrencies to be Fully Disruptive

Cryptocurrencies

Leading global financial services firm Morgan Stanley has given its view as to how disruptive cryptocurrencies are going to be to fiat monies. According to the bank, the crypto-revolution is not going to replace traditional currencies. In a report, Morgan Stanley said: “We think that cryptocurrencies as a group are likely to see some adoption… Read more »

Bitcoin Acceptance is Rapidly Shrinking, According to Morgan Stanley

Bitcoin Acceptance

The value of bitcoin is up by 250 percent in 2017, but according to research conducted by Morgan Stanley, bitcoin acceptance has seen a decline among top merchants. For a digital currency that is working at becoming a mainstream currency that people use for their day-to-day purchases, could this be the beginning of the end… Read more »