US, WASHINGTON (ORDO NEWS) — Coinbase CEO Brian Armstrong believes that coronavirus not only posed a health risk to cash holders, but also increased the risks of losing its purchasing power.
In one tweet, he provided a link to an article in Project Syndicate on the unhygienic nature of coins and banknotes. Chinese authorities disinfect and destroy fiat with traces of COVID-19. The Fed introduced a quarantine for cash dollars from Asia and Europe as a precautionary measure for ten days.
https://twitter.com/brian_armstrong/status/1240709161731551233
In a second tweet, CEO Coinbase talked about the risks of inflation, hinting at unprecedented measures by leading central banks to prevent further market collapse.
https://twitter.com/brian_armstrong/status/1240712036314562561
“The time has come for the world to receive a global payment system based on hard currency,” Armstrong wrote.
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