{"id":179601,"date":"2021-02-16T20:05:10","date_gmt":"2021-02-16T17:05:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/people-dont-want-a-non-uniform-currency-like-bitcoin-says-fed-president\/"},"modified":"2021-02-16T20:05:10","modified_gmt":"2021-02-16T17:05:10","slug":"people-dont-want-a-non-uniform-currency-like-bitcoin-says-fed-president","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/people-dont-want-a-non-uniform-currency-like-bitcoin-says-fed-president\/","title":{"rendered":"# People don’t want a \u2018non-uniform currency\u2019 like Bitcoin, says Fed president"},"content":{"rendered":"

“# People don’t want a \u2018non-uniform currency\u2019 like Bitcoin, says Fed president <\/strong>”
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James Bullard, president of the Federal Reserve Bank of St. Louis, seemingly doesn\u2019t understand why many are looking to cryptocurrency as a medium of exchange instead of a uniform currency like the U.S. dollar.<\/p>\n

In an interview with CNBC\u2019s Squawk Box today, Bullard said<\/a> the issue for making payments isn\u2019t currencies that can be traded electronically, but rather privately-issued ones, as is the case for many cryptocurrencies. He referenced a time in the United States before the Civil War when there was confusion and a dislike for trading the \u201cequivalent of Bank of America dollars and JPMorgan dollars and Wells Fargo dollars.\u201d<\/p>\n

\u201cI think the same thing would occur with Bitcoin here,\u201d said Bullard. \u201cYou don’t want to go to a non-uniform currency where you’re walking into Starbucks and maybe you’ll pay with Ethereum, maybe you’ll pay with Ripple, maybe you’ll pay with Bitcoin, maybe you’ll pay with a dollar \u2014 that isn’t that isn’t how we do this.\u201d<\/p>\n

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“You don’t want to go to a non-uniform with currency,” says the Fed’s Bullard on $BTC<\/a>: pic.twitter.com\/QfLgP64ST9<\/a><\/p>\n

\u2014 Squawk Box (@SquawkCNBC) February 16, 2021<\/a><\/p><\/blockquote>\n