A Quote by Sergio Ermotti

We don't really believe there's much room for the creation of new currencies if there is no real backing for a hard and credible issuer of that currency.

Sergio Ermotti

Quote Topics

Backing Believe Creation Credible Currency Hard Much New Real Really Room

Quote Author

Sergio Ermotti
Swiss - Businessman
Born: May 11, 1960

You can hold your Bitcoin in Ripple. We want to be agnostic to any currency, whether that be a virtual currency, political currencies, or peer-to-peer currencies.

Chris Larsen

Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.

Peter Schiff

We believe existing currencies may move into becoming more of a crypto-currency.

Sergio Ermotti

How can this strange story of God made flesh, of a crucified Savior, of resurrection and new creation become credible for those whose entire mental training has conditioned them to believe that the real world is the world which can be satisfactorily explained and managed without the hypothesis of God? I know of only one clue to the answering of that question, only one real hermeneutic of the gospel: a congregation which believes it.

Lesslie Newbigin

Complementary currencies work in addition to existing money, rather than replacing existing, official money. There are whole different families of complementary currencies. One of them is local currencies. One is regional currencies. Another is functional currencies. Another is social-purpose currencies.

Bernard Lietaer

The mark of a single currency is not only that all other currencies must be extinguished but that the capacity of other institutions to issue currencies must also be extinguished...In the case of the United Kingdom, that would involve Parliament binding its successors in a way that it has hitherto regarded as unconstitutional.

Norman Tebbit

America really started to die when the Federal Reserve was founded, and it really started to die in 1971 when the gold backing was taken away from the dollar, and this currency with Ben Bernanke just printing up or counterfeiting as much money as he wants and destroying the economy is really destroying the economy.

Jeff Berwick

I don't like the idea of teaching religion in schools, and creation is not my thing, but that's a trivial point compared to saving the creation. I'd much rather have half of the people in the country be creationists and work really hard to save the creation than have everybody be evolutionists and be destroying the planet.

Paul R. Ehrlich

There is currency to celebrity, or celebrity is a currency... You can spend it in a lot of ways, or you can squander it. You can be taxed, as well. I really started thinking long and hard about how to use that currency as long as I had it.

Ben Affleck

People have asked why the new currency introduced was different in size and thickness from the old. This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place.

Urjit Patel

Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

Perianne Boring

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

Nirmala Sitharaman

In 1650 Bishop Ussher dated the creation from the genealogy given in the Bible at 4004 B.C.; for a long time (even for some people today) this was accepted as "gospel truth." However, if you accept a miracle such as this, what's wrong with creation 5 minutes ago? It would be scarcely more difficult for the Creator to create all of us sitting here, with our memories of events that never really happened, with our worn shoes that were never really new, with spots of soup that were never really spilled on our ties, and so on. Such a beginning is logically possible, but extremely hard to believe!

Leigh Page

Credits in your PayPal account are really just USD-backed - they are not a unique currency themselves. Other 'digital currencies,' such as Facebook Credits, can be created out of nothing and without limit, so they are not serious money.

Erik Voorhees

The United States is pushing as policy division of the world into rival currency camps - the dollar area on the one hand, and the Russia-Chinese-Shanghai Cooperation Organization group on the other, especially now that the IMF has changed its rules. People think that if there are rival currency groupings and national currencies are going bust, we might as well use gold as a safe haven.