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World Bank President: Everyone Is Excited About Blockchain.

More Good News To Report,The president of the World Bank, Jim Yong Kim ,had some encouraging things to share about blockchain during Their  Media appearance The Day Before.

Sharing His Thoughts ,with CNBC, Jim Yong Kim said that the technology is “something everyone is excited about” – a statement ,which, He Very Assertively , followed up with His cautionary argument ,about cryptocurrencies stating

“Blockchain technology… is something that everyone is excited about, but we have to remember that bitcoin is one of the very few instances. And the other times when blockchain was used they were basically Ponzi schemes, so it’s very important that if we go forward with it, we’re sure that it’s not going to be used to exploit.”

 

Well, As  we All Know,The World Bank –is,THE, Financial Institution that lends money to National Governments – let us also enlighten ourselves ,with The Information That The World Bank Is very Familiar  to Blockchain Technology.

They have already seriously ventured  high,The World Bank Has Its Own, Blockchain development laboratory.

Yes!it was Commissioned,This summer, and The World Bank,Has Been, supporting, research projects ,which aim application in  areas like capital formation.

The president of the World Bank, Jim Yong Kim ,elaborating,Compared The cryptocurrencies unfavorably to payment systems like those operated by Chinese e-commerce giant Alibaba.The World Bank President,added

“It takes three seconds, three seconds, to transfer as much as $160,000 to anybody who’s part of the Alibaba network, because they can assess creditworthiness in three seconds,” he said.

 

 

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