FTX’s Sam Bankman-Fried predicts a blockchain use case will take over traditional finance
Sam Bankman-Fried, CEO of FTX, believes that a mainstream crypto use case will propel the digital asset sector into the world of traditional finance. delivered via the traditional stock market potentially causing trades to be canceled and this is even worse on the cash side where it takes a month for cash to “definitely, definitely settle”. From this position. Well, when markets become volatile?
The answer is that the risk simply outweighs the system.
How to fix this?
This is solved quickly and inexpensively with clean, clear and unambiguous agreements. And that’s what the blockchain does. This is the most important and obvious use case. One of the first things I think blockchain can really help with is financial settlement. I look forward to seeing this in the traditional finance world.
And I think we’ll see a lessening of that at least in the not too distant future. That being said, I think there’s a lot of other things that can happen here, and I think we’ll see this crossroads just keep getting bigger and bigger over time. According to Bankman-Fried, FTX has been working to expand its presence in traditional finance. He believes that Crypto Rails has something to offer to the traditional financial sector.