As the federal government explores how cryptocurrencies can and should be used by Americans, regulators and industry players will need to embark on an expansive education effort that covers people of all colors and classes, two guests told S&P Global Market Intelligence.
Cryptocurrencies — or digital currencies in which transactions are verified and records are maintained by a decentralized system such as blockchain using cryptography — are still in a "formative" stage, 451 Research analyst Jordan McKee said on a June MediaTalk podcast episode. McKee noted that the top platform where consumers go for cryptocurrency information is YouTube LLC, according to 451 Research survey findings.
YouTube may serve as a good first stop for cryptocurrency information, but a formal educational outline would serve prospective investors more, especially people of color who have been historically discriminated against in legacy banking, said McKee.
"You really want to reach consumers with these...
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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...