Saturday , June 23 2018
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Who’s banking whom in cryptoland?

On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by bringing crypto folk the, errr, power of the Visa network.Yes, you’re wondering, what’s so special about that? Doesn’t every above-board payment facilitator offer Visa access? You’re right. They do. And a card processed by Visa is hardly a breakthrough innovation worth shouting about here in the real world.But, you see, while access to the Visa network is taken as a given by us compliant statists, in crypto land it’s a rarity. Here users sit locked into paper profits that are very hard to liquidate in day-to-day convenient “spending” circumstances.The holy grail in cryptoland has thus for a long time been turning these coins into usable currency, the sort that doesn’t

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Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

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