Is Cryptocurrency Part of the Overall Future of Money?
Experts clash over whether crypto could replace government-issued currencyRecent discussions between WBC director Robert J. Marks and fellow engineers raise a question: Could new technology enable a global private currency to compete with government currencies? While the fact is not always evident in the Western world, government currencies depend on the stability of the government. Stories about people using discredited government banknotes to warm themselves, etc., are not fiction. And today what about the unbanked billions of the world who work and create value but do not have access to financial institutions? So in, for example, a national emergency, would cryptocurrency be any help? The option of private electronic currency is comparatively new and, as we might expect, expert views differ. We present them for your reflection (not Read More ›
