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George Rotariu, CEO Bitcoin Romania: Bitcoin and fiduciary coins are not rivals

Blockchain technology behind bitcoin can bring improvements to current financial systems, according to a statement of George Rotariu, Bitcoin Romania CEO, at a recently held "Romania's Development Strategy" conference.

2018-09-26 12:04:11

Rotariu also said that the new technologies behind the cryptocurrency can improve the current traditional financial systems. The manager stated that banks can integrate blockchain technology and in this way, transactions can be safer, faster and need not have a third entity. In turn, Radu Gratian Ghetea, chairman of CEC Bank's Board of Administration, said during the same conference that he can not specify at this moment whether cryptomonas will have an "extraordinary" future and will encompass the whole financial-banking system, due to the fast fluctuations in value for this currency.

According to Rotariu, Bitcoin Romania operates 15 ATMs (Automated Teller Machines) in most of the largest Romania cities and plan to reach 50 such transaction points countrywide.


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