Black Rock, The World's Largest Asset Management Company Has a Huge Demand for Virtual Currency

Larry Fink, CEO of Black Rock, the world's largest asset manager, said in a CNBC television interview that there is a huge demand for new technologies such as virtual currency.

One positive reason for Fink's role in virtual money is that "virtual currency or Libra can play a role in filling the gap in conducting cross-border remittances based on his own experience."

He also stressed the need to democratize foreign currency, referring to the case in which a large fee was charged when purchasing goods in the European region on dollar payments as his own experience story.

The current IT or e-commerce process, in which the international financial system has not been able to keep up with the changes, has a downside. Fink stated, "it calls for democratization in the structure of curbing fees and in the exchange of foreign currencies," calling for a need for changes in the international financial system.

He added, "I don't think there is a need for international common currency. One of the ways to drastically cut the interim fees when such cross-border money transfers can be virtual currency."

BlackRock, on the other hand, is very interested in the possibility of virtual currency, but no clear plan has been announced yet. People are focusing on how CEO Larry Fink's future moves will affect institutional investors' decision-making.

Reporter James Lee (news@dailycoinews.com)의 기사 더 보기

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