The battle against fiat is truly in full swing. Hot on the heels of Nigel Farage’s declaration of war against the financial system and inducement to freedom-lovers everywhere to stock up on gold and silver, we now have another call to arms. But this time, it’s different. This time, it’s crypto. So who’s waging this war that decentralised bros around the world are so excited about? Some kind of super-decentralised entity that is super not into fiat, we imagine? Um, sure: That’s right, PayPal — one of the biggest payments companies in the world, with a market cap of 0bn — will soon be allowing its US users to buy, HODL, and sell bitcoin, bitcoin cash, ether (the crypto that powers Ethereum) and litecoin. It’s not available for UK users yet but here are some
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Menzie Chinn writes “Trifecta”
Menzie Chinn writes Business Cycle Indicators as of December 1st
ocanuto writes The two sides of capital flows to Brazil
The battle against fiat is truly in full swing.
Hot on the heels of...