Why Cities Will Soon Choose Digital Currency Over Fiat Money
Pavel Bains argues that its only a matter of time before a city makes the leap to its own, digital, currency.
Economists at the New York Federal Reserve think bitcoin is a fiat currency. Nic Carter thinks the New York Fed is "insane."
If we want blockchains to deliver upon their promise, we must be able to transact using traditional fiat currencies, EY's blockchain lead writes.
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
Tether announced its tokens are fully-backed by real cash according to a third-party review but the crypto community doesn't seem convinced.
Developed and developing economies would see different benefits if their central banks issued a cryptocurrency.