You're going to reduce your cost you're going to expedite your transactions and you're going to continue to inspire confidence because you will build that on the basis of an existing backbone which is your bank and the confidence relationship that you've established with your customers
So that's where i see changes happening now if you think of circle and ripples and all those that that's where they are active and and uh helpful now craig dewitt said this as well i think ripple really stands out especially with the work we're doing with bitso as a company that is actually delivering real utility today that is affecting people's lives in a way outside of just speculative trading family people's lives are being changed right now not just our own but people's lives around the world
They're being able to send money across borders easily seamlessly in a way that they have never been able to do before this is going to allow people to be a part of this digital economy and it's outside of just speculative trading now when we talk about speculation that's nothing in comparison to what utility is going to bring to this market family and i'm excited to see utility take over this market there's always going to be speculation we're never going to get rid of speculation but it's going to be amazing to see this market built and thrive off of actual use cases and real world utility instead of just pure speculation and i cannot wait for that day to come but in the meantime family
We're seeing federal agencies turning to blockchain for its benefits i've talked about this a lot you guys we're investing in technology that is being used all around the world but it's also going to be used by governments as well everything's going to be on the blockchain family federal agencies have turned to blockchain for its transparency efficiency security and flexibility several agencies like the us food and drug administration fda
The department of treasury have begun using blockchain more agencies will continue to use blockchain and we're going to see governments and agencies around the world use blockchain in the coming months and years family and this is just purely the beginning deloitte's blockchain trends 2020 showed us that this is the beginning of the decade of blockchain and antonio senatore the emea blockchain lead says i think in 2020 we'll start to see the global recognition of crypto assets in the fs industry financial services are being taken over by this new technology