Bernanke: “Eventually Governments Will Take Any Action They Need to Prevent Bitcoin”

Amid a dialog with Swell Leading group of Chief Quality Sperling, himself a previous organization counsel to Presidents Clinton and Obama, and additionally amid Hillary Clinton’s 2008 battle, Mr. Bernanke lauded Swell.

“The Fed, the Bank of England, and Japan,” Mr. Bernanke is quoted by Fortune‘s Jeff John Roberts, “are very supportive of [Ripple and similar] technologies because they’ll improve payment systems.”

Bitcoin, in any case, “hasn’t shown itself to be a real value-based currency,” he stated, including how it is a “for the most part theoretical wander.”
https://hotcryptobuzz.com/bernanke-eventually-governments-will-take-action-need-prevent-bitcoin/

It should be noted that there is a distinct difference between digital currencies like Bitcoin and Ripple’s XRP tokens. While Bitcoin is an actual cryptocurrency and store of value, XRP tokens are essentially backed by traditional (Fiat) currencies, as if they’re dollars or yet or another form. XRP is not intended to be money in the first place, it is a medium of exchange to transact value. It can be seen as a giftcard or token that can be sent in seconds & redeemed for fiat money.

https://cryptoyoda1338.wordpress.com/2018/01/04/the-truth-about-ripple/