Finance Professor Compares Bitcoin to Beanie Babies

  • 📰 crypto
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Charles Khan, Professor Emeritus of Finance at the University of Illinois Gies College of Business, discusses the future of cash, how the US financial system can benefit from the Federal Reserve's new instant payment infrastructure, known as the 'FedNow Service,' and says he sees no underlying value in the world's most popular cryptocurrency.

We are becoming a cashless society, but very, very slowly. And important reasons for that because cash is actually important for things that it does better than other things do. I mean, what's important, Ken told me not once, twice, three to his death threats over this. I mean, this book was was was heated. And Ken told me that we should not do away with small bills, one, five, 20, even up to maybe up to 100.

And in fact, one of the things that caused there to be not as fast to take up by banks, a Fed now as you might have hoped is this fear of they don't have the resources yet for handling checking on fraud in an instantaneous fashion? That's really tricky. I have to ask Bitcoin, help me here. You're in class. You've got a piece of chalk in your head. Six of the kids are multimillionaires cause they bought it. Or Matt Miller.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 292. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SingularityDAO, SelfKey and Cogito Finance Token-Holders Approve Merger to Form Singularity FinanceCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »