Understanding the Importance and Drawbacks of Our Current Payment Infrastructure - CEOWORLD magazine

To the passionate believer, Bitcoin is a rival to fiat currencies. But ironically, the second most popular application of blockchain technology beyond Bitcoin is the US dollar. There is currently $150b worth of the global reserve currency on platforms such as Ethereum and monthly volumes surpass that of PayPal. To see the appeal, it helps […]

Chief Executive Forum Omid Malekan Chief Executive Forum September 30, 2022 To the passionate believer, Bitcoin is a rival to fiat currencies. But ironically, the second most popular application of blockchain technology beyond Bitcoin is the US dollar. There is currently $150b worth of the global reserve currency on platforms such as Ethereum and monthly volumes surpass that of PayPal. To see the appeal, it helps to review both the importance and drawbacks of our current payment infrastructure. Payments are the most important activity that nobody ever thinks about. Virtually every type of econ

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