Tokenization Expands the Definition of Money: Kraken Exec

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Blockchain tokenization is transforming money beyond fiat currencies such as the US dollar by allowing users to save and instantly move virtually any asset across platforms, says a Kraken executive.

“I think we’re past the point where money only means fiat or your local currency,” Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday, adding that “anything can be money” with tokenization.

“You can save in Tesla xStock, you can save in Bitcoin, or — as a Canadian — you can save in US dollars, euros, euro-denominated stablecoins,…



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Tokenization Expands the Definition of Money: Kraken Exec


Blockchain tokenization is transforming money beyond fiat currencies such as the US dollar by allowing users to save and instantly move virtually any asset across platforms, says a Kraken executive.

“I think we’re past the point where money only means fiat or your local currency,” Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday, adding that “anything can be money” with tokenization.

“You can save in Tesla xStock, you can save in Bitcoin, or — as a Canadian — you can save in US dollars, euros, euro-denominated stablecoins,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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