Money Without Borders
The issue of borders has long been a perplexing one for our monetary system. Are cryptocurrencies the solution to money’s border problem?
Evolving Money · Eduardo Novillo Astrada, Brian Armstrong, Jacob Goldstein, Paddy Hirsch
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Show Notes
Throughout history, financial markets have struggled with the issue of borders. Borders create friction, add cost and cause headaches for anyone who wants to spend money across them. On top of that, various national currencies can be wildly unstable.
Could a borderless, global currency ease friction and enhance financial inclusion and stability around the world? Cryptocurrencies offer an intriguing possible solution to money’s border problem. And a particular kind of cryptocurrency, called stablecoins, could become a powerful medium of exchange for international payments - and offer people around the world increased economic freedom.
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