THE FUTURE OF CRYPTOCURRENCY
After the FTX bankruptcy debacle, people lost faith in cryptocurrency. Even I did, though I bought a sweater with bitcoin in 2017. It might be different if I lived in another country. Take Lebanon, for example. According to a report last month, people who try to get their cash out of a bank have to give up 85 percent of it. CNBC quoted an architect who said he now gets 90 percent of his payments in bitcoin there, which he swaps for a “stablecoin” called tether, which he exchanges for US dollars. “One of the big attractions of cryptocurrency is its independence from governments and traditional financial institutions,” said Joel Ewing, the president of the Bella Vista computer club in […]
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