Larry Fink, the CEO of the world’s largest asset manager BlackRock (NYSE:), believes the ongoing Russia – Ukraine crisis has boosted the case for digital currencies as a tool of settlement for international transactions.

Fink stated in a shareholder letter that ongoing war will force countries to reassess currency dependences, which may eventually lead to the creation of a global digital payments network. reported Reuters He stated that the war had ended the work of globalization over the last 30 years.