April 18, 2024
It seems bitcoin has come out swinging against fiat currency — as one of the world’s largest fiat currency exchanges is offline due to a software virus. UK currency exchange site Travelex may be subject to ransom demands to get back online and protect its customers’ data; the attackers are demanding a six-figure ransom to be paid in bitcoin, according to Computer Weekly.
The world is moving towards cashless payment, and Asia is leading the charge with companies like Alibaba, Tencent, and Grab, and fast-growing mobile payment usage rates across the region. In China, more than 600 million people already use mobile payments, and in Southeast Asia, users are catching up fast.
Από όλη την έρευνα που έχω κάνει όλα αυτά τα χρόνια, η ιδέα που με ανησυχεί περισσότερο είναι ότι όσο πηγαίνουμε προς μια κοινωνία χωρίς μετρητά, τόσο περισσότερο η ηθική μας πυξίδα αδρανεί.
The Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal (“How low can you go?”) to abolish cash. [Disclosure: Andy and I are old friends and I criticize him reluctantly.] I think Andy has made some marvellous contributions to the economic policy debate since the onset of the Global Financial Crisis,...