Cardano’s Charles Hoskinson: IOHK Will Establish Cardano As A Global Financial Operating System

Charles Hoskinson recently celebrated the third anniversary of Cardano.

Cardano is three years old, and the community is obviously celebrating.

Charles Hoskinson also celebrated this massive milestone and shared the following video on social media.

In the video that he tweeted, Hoskinson highlighted the achievements of the last few years, and he also made sure to point out the growth that the Cardano ecosystem has achieved.

He also talked about some very exciting projects that will soon make their way to Cardano. Stay tuned for more news.

The world needs a new financial operating system

He also recently talked about the various reasons for which the world needs a new financial operating system and governments and corporations should build on platforms like Cardano.

Hoskinson said that the world reserve currency system would fail and there are two options available:

  • the first one is a one-world currency
  • private currencies that will compete with national currencies

“We gonna either have a one world currency or we gonna have private money that compete with national currencies but it makes no sense for one country to be the world reserve currency […]. And then you think about finance in general, and you say, the way we are doing banking, we are doing credits, the way we do credit scores. All this stuff is really bad,” he said.

Hoskinson continued and said: “We need to improve it […] and turn it into a kind of Darwinian marketplace where you have thousands of competing ideas. They fight each other, and eventually, the survival of the fittest, those ones will come to the top, and we can rebuild the world’s financial system.”

We recommend that you check out the original article posted by the online publication Crypto News Flash in order to learn more news.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2374 Articles

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