--- title: "Meaning & Key Takeaway of: We believe that cryptocurrency and the…" description: "\"We believe that cryptocurrency and the use of blockchain can open up the economy to individuals and groups that have been historically excluded or igno..." image: "https://sms4smile.com/quotes/i/b1c/francis-x-suarez-5945_believe_we-believe-that-cryptocurrency-and-the-u_1531930.jpg" --- # We believe that cryptocurrency and the use of blockchain… ![“We believe that cryptocurrency and the use of blockchain can open up the economy to individuals and groups that have been historically excluded or ignored by the free market and financial institutions.” quote by Francis X. Suarez](https://sms4smile.com/quotes/i/b1c/francis-x-suarez-5945_believe_we-believe-that-cryptocurrency-and-the-u_1531930.jpg) [Download](https://sms4smile.com/quotes/i/b1c/francis-x-suarez-5945_believe_we-believe-that-cryptocurrency-and-the-u_1531930.jpg) [Open image](https://sms4smile.com/quotes/i/b1c/francis-x-suarez-5945_believe_we-believe-that-cryptocurrency-and-the-u_1531930.jpg) > “We believe that cryptocurrency and the use of blockchain can open up the economy to individuals and groups that have been historically excluded or ignored by the free market and financial institutions.” [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Blockchain can democratize finance, giving access to those ignored by traditional markets. **In simple terms:** Blockchain expands financial access. Key Takeaway Support inclusive fintech solutions. Themes technology inclusion economics Mood hopeful determined Type policy visionary When to use this quote - policy making - startup funding - community banking Key Concepts decentralization empowerment digital assets Questions to Reflect On - Who benefits most from open finance? - What safeguards protect users? A Different Perspective Regulatory hurdles may limit adoption. ★ ★ ★ ★ ★ No ratings yet [Blockchain](https://sms4smile.com/quotes/about/blockchain/) [Currency](https://sms4smile.com/quotes/about/currency/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Free market](https://sms4smile.com/quotes/about/free-market/) ## Related quotes > [Within tech, there's a subgroup of people that are pro crypto and pro blockchain. That's a very, very robust network and they're awesome.](https://sms4smile.com/quotes/francis-x-suarez/within-tech-there-s-a-subgroup-of-people-that-are-pro-crypto-and-pro/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're working on making sure that our incentives are in place and that our legislation promotes crypto and blockchain and is forward-thinking. We want…](https://sms4smile.com/quotes/francis-x-suarez/we-re-working-on-making-sure-that-our-incentives-are-in-place-and/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I believe that without looking at each other as rivals or as competitors, in a democratic India, operating in the framework of an open…](https://sms4smile.com/quotes/manmohan-singh/i-believe-that-without-looking-at-each-other-as-rivals-or-as/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) > [Europe should stick to an open economy, to competition and we should refuse protectionism. It will not save one single job in the long…](https://sms4smile.com/quotes/anders-fogh-rasmussen/europe-should-stick-to-an-open-economy-to-competition-and-we-should/) [Anders Fogh Rasmussen](https://sms4smile.com/quotes/author/anders-fogh-rasmussen/) > [A new India which realizes its destiny in the framework of an open society, in the framework of an open economy, respecting all fundamental…](https://sms4smile.com/quotes/manmohan-singh/a-new-india-which-realizes-its-destiny-in-the-framework-of-an-open/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) > [We are a small, open economy, highly dependent on global flows. It is inevitably a demand that dramatically alters and that is reflected in…](https://sms4smile.com/quotes/john-key/we-are-a-small-open-economy-highly-dependent-on-global-flows-it-is/) [John Key](https://sms4smile.com/quotes/author/john-key/) > [Because I come from a place like Jamaica, which is a small, open economy, I viscerally get the importance of the global economy.](https://sms4smile.com/quotes/peter-blair-henry/because-i-come-from-a-place-like-jamaica-which-is-a-small-open/) [Peter Blair Henry](https://sms4smile.com/quotes/author/peter-blair-henry/) > [We are particularly poor at the open economy issues.](https://sms4smile.com/quotes/martin-feldstein/we-are-particularly-poor-at-the-open-economy-issues/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [When the economy is good lots of restaurants open, and when the economy tightens, not as many open.](https://sms4smile.com/quotes/paul-wahlberg/when-the-economy-is-good-lots-of-restaurants-open-and-when-the/) [Paul Wahlberg](https://sms4smile.com/quotes/author/paul-wahlberg/) > [By 2007, an uncompetitive, bloated, over-borrowed and distorted Irish economy had been left at the mercy of subsequent international events without the safeguards, institutions,…](https://sms4smile.com/quotes/enda-kenny/by-2007-an-uncompetitive-bloated-over-borrowed-and-distorted-irish/) [Enda Kenny](https://sms4smile.com/quotes/author/enda-kenny/) > [Of course we run a very open economy, and therefore what happens in the rest of the world, in economic terms, obviously has an…](https://sms4smile.com/quotes/thabo-mbeki/of-course-we-run-a-very-open-economy-and-therefore-what-happens-in/) [Thabo Mbeki](https://sms4smile.com/quotes/author/thabo-mbeki/) > [I'm passionate about blockchain as a whole, decentralized finance as a whole.](https://sms4smile.com/quotes/spencer-dinwiddie/i-m-passionate-about-blockchain-as-a-whole-decentralized-finance-as-a/) [Spencer Dinwiddie](https://sms4smile.com/quotes/author/spencer-dinwiddie/) > [What proplets do is they look to the blockchain to see who owns them; they are kind of like SIM cards today - they…](https://sms4smile.com/quotes/nick-szabo/what-proplets-do-is-they-look-to-the-blockchain-to-see-who-owns-them/) [Nick Szabo](https://sms4smile.com/quotes/author/nick-szabo/) > [We don't think the blockchain can do most of what's been ascribed to it. But we're entering the Internet of value - and that…](https://sms4smile.com/quotes/chris-larsen/we-don-t-think-the-blockchain-can-do-most-of-what-s-been-ascribed-to/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) ## More by Francis X. Suarez > [I don't know another way to try to deal with income inequality than actually having entrepreneurs and inventors creating the kind of jobs that…](https://sms4smile.com/quotes/francis-x-suarez/i-don-t-know-another-way-to-try-to-deal-with-income-inequality-than/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The reality is, we're seeing these more intense events, we're seeing these mega-hurricanes. Nobody's disputing that and nobody thinks that's a Democrat or Republican…](https://sms4smile.com/quotes/francis-x-suarez/the-reality-is-we-re-seeing-these-more-intense-events-we-re-seeing/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [It doesn't surprise me at all that a Treasury secretary would find a decentralized potential currency... to be hostile to a currency that they…](https://sms4smile.com/quotes/francis-x-suarez/it-doesn-t-surprise-me-at-all-that-a-treasury-secretary-would-find-a/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [There's a lot of people that will take the path of least resistance not to do something if a leader that they look up…](https://sms4smile.com/quotes/francis-x-suarez/there-s-a-lot-of-people-that-will-take-the-path-of-least-resistance/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The coronavirus has paralyzed the world in a way most of us have never seen in our lifetime. It's chilling.](https://sms4smile.com/quotes/francis-x-suarez/the-coronavirus-has-paralyzed-the-world-in-a-way-most-of-us-have/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [My job as a mayor is to look 10, 15, 20 years into the future and think not just about my generation, but about…](https://sms4smile.com/quotes/francis-x-suarez/my-job-as-a-mayor-is-to-look-10-15-20-years-into-the-future-and-think/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [All the Cuban government wants to do - and all it's demonstrated to the world - is that they want a repressive, authoritarian control;…](https://sms4smile.com/quotes/francis-x-suarez/all-the-cuban-government-wants-to-do-and-all-it-s-demonstrated-to-the/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I realized that there are two choices in life: one can be part of the solution or one can complain about the things they…](https://sms4smile.com/quotes/francis-x-suarez/i-realized-that-there-are-two-choices-in-life-one-can-be-part-of-the/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I've never been shy about big ideas.](https://sms4smile.com/quotes/francis-x-suarez/i-ve-never-been-shy-about-big-ideas/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [I think, more than anything, Bitcoin presents an opportunity.](https://sms4smile.com/quotes/francis-x-suarez/i-think-more-than-anything-bitcoin-presents-an-opportunity/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [We're trying to create a comprehensive Bitcoin and crypto ecosystem so that we can grab the mantle of the most crypto-friendly city in the…](https://sms4smile.com/quotes/francis-x-suarez/we-re-trying-to-create-a-comprehensive-bitcoin-and-crypto-ecosystem/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [Invest more in policing, not less.](https://sms4smile.com/quotes/francis-x-suarez/invest-more-in-policing-not-less/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [The one constant in politics is change and things that are happening today are not happening tomorrow.](https://sms4smile.com/quotes/francis-x-suarez/the-one-constant-in-politics-is-change-and-things-that-are-happening/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [When you try to do things outside of the box, you run risks.](https://sms4smile.com/quotes/francis-x-suarez/when-you-try-to-do-things-outside-of-the-box-you-run-risks/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) > [Now, with Covid, I've realized that the entirety of government can be virtual. You can get to a point where you never have to…](https://sms4smile.com/quotes/francis-x-suarez/now-with-covid-i-ve-realized-that-the-entirety-of-government-can-be/) [Francis X. Suarez](https://sms4smile.com/quotes/author/francis-x-suarez/) [Explore all 100 Francis X. Suarez quotes ](https://sms4smile.com/quotes/author/francis-x-suarez/) ## More Believe quotes > [I actually think acting is a form of self-hypnosis. You have to be hyper, hyper aware of what's going on around you. You have…](https://sms4smile.com/quotes/julianne-moore/i-actually-think-acting-is-a-form-of-self-hypnosis-you-have-to-be/) [Julianne Moore](https://sms4smile.com/quotes/author/julianne-moore/) > [Some people still believe you should just fall in line with what's going on - and that's scary. It makes a mockery of freedom…](https://sms4smile.com/quotes/emily-robison/some-people-still-believe-you-should-just-fall-in-line-with-what-s/) [Emily Robison](https://sms4smile.com/quotes/author/emily-robison/) > [The truth seems to be that propaganda on its own cannot force its way into unwilling minds; neither can it inculcate something wholly new;…](https://sms4smile.com/quotes/eric-hoffer/the-truth-seems-to-be-that-propaganda-on-its-own-cannot-force-its-way/) [Eric Hoffer](https://sms4smile.com/quotes/author/eric-hoffer/) > [Resist discouragement by speaking His Word over your future. Keep standing. Keep hoping; keep believing because He is working behind the scenes. He's going…](https://sms4smile.com/quotes/joel-osteen/resist-discouragement-by-speaking-his-word-over-your-future-keep/) [Joel Osteen](https://sms4smile.com/quotes/author/joel-osteen/) > [I can't believe that I'm sitting in meetings with Steven Spielberg, Tom Hanks, and Annette Bening. I want to take on that responsibility to…](https://sms4smile.com/quotes/roger-ross-williams/i-can-t-believe-that-i-m-sitting-in-meetings-with-steven-spielberg/) [Roger Ross Williams](https://sms4smile.com/quotes/author/roger-ross-williams/) > [There is no such word as item girl in the dictionary. People have created this word and I don't believe that I am an…](https://sms4smile.com/quotes/shefali-zariwala/there-is-no-such-word-as-item-girl-in-the-dictionary-people-have/) [Shefali Zariwala](https://sms4smile.com/quotes/author/shefali-zariwala/) > [I understand that it's the music that keeps me alive... That's my lifeblood. And to give that up for, like, the TV, the cars,…](https://sms4smile.com/quotes/bruce-springsteen/i-understand-that-it-s-the-music-that-keeps-me-alive-that-s-my/) [Bruce Springsteen](https://sms4smile.com/quotes/author/bruce-springsteen/) > [I don't really like too much credit. I know nobody's going to believe this, but I'd rather be able to score goals and nobody…](https://sms4smile.com/quotes/bradley-wright-phillips/i-don-t-really-like-too-much-credit-i-know-nobody-s-going-to-believe/) [Bradley Wright-Phillips](https://sms4smile.com/quotes/author/bradley-wright-phillips/) > [“What I have a problem with is not so much religion or god, but faith. When you say you believe something in your heart…](https://sms4smile.com/quotes/penn-jillette/what-i-have-a-problem-with-is-not-so-much-religion-or-god-but-faith/) [Penn Jillette](https://sms4smile.com/quotes/author/penn-jillette/) > [Bush reiterated his stand to conservatives opposing his decision on stem cell research. He said today he believes life begins at conception and ends…](https://sms4smile.com/quotes/jay-leno/bush-reiterated-his-stand-to-conservatives-opposing-his-decision-on/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Never underestimate the power of the human mind to believe what it wants to believe, no matter the conflicting evidence.](https://sms4smile.com/quotes/brian-herbert/never-underestimate-the-power-of-the-human-mind-to-believe-what-it/) [Brian Herbert](https://sms4smile.com/quotes/author/brian-herbert/) > [To believe in love, to be ready to give up anything for it, to be willing to risk your life for it, is the…](https://sms4smile.com/quotes/leonardo-dicaprio/to-believe-in-love-to-be-ready-to-give-up-anything-for-it-to-be/) [Leonardo DiCaprio](https://sms4smile.com/quotes/author/leonardo-dicaprio/) > [That's why I don't generally talk about endorsements because I don't believe we have to tell people who to vote for.](https://sms4smile.com/quotes/martin-luther-king-iii/that-s-why-i-don-t-generally-talk-about-endorsements-because-i-don-t/) [Martin Luther King III](https://sms4smile.com/quotes/author/martin-luther-king-iii/) > [Mankind have been slow to believe that order reigns in the universe-that the world is a cosmos and a chaos.](https://sms4smile.com/quotes/james-a-garfield/mankind-have-been-slow-to-believe-that-order-reigns-in-the-universe/) [James A. Garfield](https://sms4smile.com/quotes/author/james-a-garfield/) > [We instantly believe everything we think. Isn't that insane? It's good for us to explore the depravity of our minds, so we know we…](https://sms4smile.com/quotes/krishna-das/we-instantly-believe-everything-we-think-isn-t-that-insane-it-s-good/) [Krishna Das](https://sms4smile.com/quotes/author/krishna-das/) Browse all 47,704 Believe quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We believe that cryptocurrency and the use of blockchain can open up the economy to individuals and groups that have been historically excluded or ignored by the free market and financial institutions.", "creator": { "@type": "Person", "name": "Francis X. 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