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Is cryptocurrency a boost to the financial system, or a threat?

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Some of the world’s central bankers believe cryptocurrencies are a threat to the stability of the global economic system. Not only are cryptocurrencies not a significant risk to national or global financial systems, but they’ve so far provided the world’s economies with many benefits, according to experts we spoke to.

I don’t see it as either a boost or a threat. More of a short term distraction. https://cryptonewstrends.com/

I’ll take “full faith and credit of the United States” over “backed by nothing”, and so will the vast majority of people. So despite all the crypto backers who consider “fiat currency” a term of derision, bitcoin is not going to replace USD.

The blockchain technology may have some interesting applications. If you remove the pseudo-currency aspect, perhaps it could be an alternative to Visa and Mastercard.

Once the silly speculative frenzy collapses, it will be interesting to see how the technology evolves.

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