The cryptocurrency markets may be reeling from the botched roll out of Bitcoin as legal tender in El Salvador, but the true revolution has already begun.
Bitcoin is often derided for its volatility, but ever since the U.S. abandoned the gold standard, stability with respect to currency is a far more plastic concept than understood.
While regulators are circling around the alleged illicit flows in cryptocurrencies, the systemic risks of stablecoins may already have seeped into the financial system.
The US economy has lots of jobs, but many people are looking for something that might be a career–and that’s harder to find. Here’s Claudia Goldin on the difference:
COVID-19 has had devastating and tragic consequences across the world.
Using blockchain in payment systems can offer some value yielding benefits such as enhanced functional and operational capabilities for payments as compared to existing bulk payment systems.