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Future of virtual currencies
Colin Lambert, Editor of Profit & Loss, interviews David Mercer, LMAX Exchange CEO, on his thoughts regarding the future of virtual currencies. David comments that this is a very interesting area for the market stating it is still very early days, however the process has already started which can be seen via the wide use of social media credits. David speculates that virtual currencies will be in common use within ten years as the security, storage and clearing issues surrounding virtual currencies (such as BitCoin) are resolved, with many venues currently waiting for this to occur prior to listing as it can be deemed too risky at present. Nevertheless, which virtual currency will prevail into the mainstream is still up for debate.
David Mercer, LMAX Exchange CEO, shares insights.
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Digital currencies are here to stay
Scott Moffat, LMAX Exchange COO, comments on crypto, digital and virtual currencies, and believes they are here to stay. Moffat references the current issues around virtual currencies, most notably the technology, storage, clearing/settlement and regulatory issues. He believes that in order for Bitcoin to become mainstream the anonymity will need to disappear to allow venues with a regulatory responsibility to list the currency, nevertheless digital currencies are here to stay.
Scott Moffat, LMAX Exchange COO, shares insights.