Thursday , November 23 2017
Home / FT Alphaville / Who’s banking whom in cryptoland?

Who’s banking whom in cryptoland?

Summary:
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

Topics:
Izabella Kaminska considers the following as important:

This could be interesting, too:

Matthew C Klein writes What the foreign direct investment data tell us about corporate tax avoidance

Chris Nuttall writes FT Opening Quote – Severn flooded with incentives

Matthew C Klein writes Guest post: Time for a UK sovereign wealth fund

Kadhim Shubber writes Further reading

On Monday, we brought you

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.

Leave a Reply

Your email address will not be published. Required fields are marked *