So, is cryptocurrency important to the future of your business? I recently heard two experts on the subject: Jessica Washington, Vice President, the Federal Reserve and Kelly Werder, FGCU. Here are my 3 biggest takeaways.
Takeaway number one: Blockchain is a technology. The first blockchain was Automated Clearing House, or ACH. Blockchain is not just for the movement of money, it can also be utilized for the movement of information. Cryptocurrency can base their rules on blockchain.
Takeaway number two: 13,000 forms of cryptocurrency currently exist in the marketplace—not just bitcoin. The purpose behind bitcoin’s creation in 2009 was to provide a peer-to-peer currency that removes the intermediary—like banking institutions—while also providing anonymity.
So it can offer a currency option for certain types of real estate and business transactions.
Takeaway number 3: Cryptocurrency will never replace our present legacy currency systems--cash and ACH. Currently, paper checks and...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...