Home Cryptocurrency News Cryptocurrency’s Slow March Toward The Mainstream | WFAE 90.7

Cryptocurrency’s Slow March Toward The Mainstream | WFAE 90.7

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Wednesday, March 7, 2021

In 2010, the primary financial transaction of bitcoin happened. A person purchased two Papa John’s pizzas, valued at $25, in change for 10,000 bitcoins.

Right this moment, a single bitcoin is price almost $60,000, and valued at at present’s value, these two pizzas successfully price lots of of hundreds of thousands of {dollars}.

Cryptocurrency is actually digital cash. In contrast to the U.S. greenback, it’s decentralized and makes use of an internet ledger known as blockchain.

Now, the surge in worth has ramifications past the tech group, as PayPal is now permitting customers to pay on-line with cryptocurrencies and Elon Musk’s firm, Tesla, stated it might begin accepting bitcoin as fee.

However bitcoin can be infamous for being utilized in illegal transactions, equivalent to shopping for and promoting medication on-line.

What’s the way forward for currencies designed to “circumvent the standard banking infrastructure?” And is it only a matter of time earlier than the U.S. greenback is a relic of a bygone period?

GUESTS

Anna Irrera, chief monetary expertise correspondent at Reuters

Peter Van Valkenburgh, director of analysis at Coin Center

Carol Goforth, professor of legislation on the University of Arkansas at Fayetteville, specialist in cryptocurrency regulation




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