US Treasury Secretary: Encrypted cross-border payment system is beneficial in reducing costs and definitely supports the development of related companies

On January 21, Ripple CEO Brad Garlinghouse tweeted that at the World Economic Forum (WEF) in Davos, Switzerland, when asked about cryptocurrencies, US Treasury Secretary Steven Mnuchin said that cross-border payment systems are decreasing There are benefits in terms of consumer and business costs, and they definitely support these companies' efforts in this area. Brad Garlinghouse commented that applying this pragmatism to US regulation is critical.