Fiat Currency
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY's blockchain lead writes.
Tether announced its tokens are fully-backed by real cash according to a third-party review but the crypto community doesn't seem convinced.
Economists at the New York Federal Reserve think bitcoin is a fiat currency. Nic Carter thinks the New York Fed is "insane."
Developed and developing economies would see different benefits if their central banks issued a cryptocurrency.
Pavel Bains argues that its only a matter of time before a city makes the leap to its own, digital, currency.