IMF managing director Christine Lagarde has said that blockchain innovators are having a clear impact on incumbent players.
Lagarde made her comments in an interview with CNBC on April 10, following a panel devoted to “Money and Payments in the Digital Age,” as part of the 2019 Spring Meetings of the World Bank Group and the IMF in Washington, D.C.
Contributors to the preceding panel, which Lagarde moderated, were co-founder and CEO of crypto finance firm Circle Jeremy Allaire, Sarah Youngwood — chief financial officer of Consumer & Community Banking at JPMorgan Chase — the European Central Bank’s (SCB) Benoît Cœuré, and governor of the Central Bank of Kenya (CBK) Patrick Njoroge.
Lagarde observed that…
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