In line with a recent post on Ripple’s ‘Web-blog‘ post, a Greek MEP [member of the parliament] of the European Union named ‘Eva Kaili’, stated that the central banks have excessively controlled people’s deposits.
In line with the post, Kaili made the comments at the Ripple Regionals event in London last week. The MEP aforementioned that she realised that central banks had excessively controlled people’s funds once the debt crisis in Greece.
During her talks — that was dedicated to how the EU will regulate blockchain and cryptocurrency — Kaili additionally expressed that she believes blockchain technology can permeate all sectors of life:
“by its nature, blockchain technology doesn’t acknowledge borders, […] It’s unbeatable.”
She additionally warned the audience that “you would be disrupted if you don’t try to realize it. Instead you need to see the potential.”
Speaking regarding the advantages that blockchain-based systems may bring cross-border payments — like quicker processing and lower fees than legacy systems — Kaili declared:
“If there are benefits for European citizens, there are no banks which can stop us from using blockchain.”
Kaili has reportedly been a key figure in advocating for funding for blockchain development in Europe and clarity around laws.
As reported earlier, in May last year the European Parliament Committee on Business, Analysis and Energy passed a resolution authored by Kaili that focused on the advantages of adopting blockchain and DLT [distributed ledger technology].
Even earlier in Dec. 2017, Kaili argued at a European Parliament policy dialogue that cryptocurrencies can increase ‘decentralization‘ while making intermediaries less relevant.