Imagine a world where cross-border money transfer and payment is instantaneous, involving only one click of a button and with funds arriving immediately after the click. Now imagine a world where anyone that has a smartphone could access banking and financial services, all through the phone that sits comfortably in their palm. “But how is … Continue reading Why I am a Cryptocurrency Sceptic →

and the challenge they present   All cryptocurrencies to date have failed. None of them succeeded in the fundamental purpose of a currency: to be a medium of value exchange in people’s day-to-day consumption, i.e. to serve as ‘money’. The reason for this failure is simple: high volatility. This volatility stems from the lack of … Continue reading The Innovations of Facebook’s Libra Cryptocurrency →