Fiat and cryptocurrencies can co-exist, claims former US Mint Director

Cryptocurrency’s inevitable rise has made it one of the most talked about subjects this year on mainstream media, forcing industry leaders to share their views on the financial disruption caused by virtual currencies. Former US Mint Director, Honorable Edmund C Moy, featured in an interview to discuss his perspective on cryptocurrencies and the potential future of fiat.

The original Bitcoin whitepaper was published at the end of Moy’s tenure, and he had studied it as “a precursor of what could happen in the future.” He highlighted that unlike fiat’s proprietary financial highways, crypto had much more to offer. He said,

“I view this as a free market alternative to government’s monopoly on money. And by having it out there, we’ll eventually make fiat currency better. And, in the best case, provide a viable alternative for people to use on a regular basis.”

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