The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Illustration: Jacob Reynolds/WSJ
Tag Archives: Digital Currencies
World News: Rise Of E-Money, Spain’s Indignados Protests & Dostoevsky
A selection of three essential articles read aloud from the latest issue of The Economist. This week: the rise of e-money, ten years after Spain’s indignados protests (10:03) and “the brothers Karamazov” on stage (17:36).
Digital Currencies: Could They Be The End Of Banks?
Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.
Analysis: ‘China’s Digital Currency Concerns’ (WSJ)
As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign companies in the country. WSJ travels to Chengdu to see this money revolution in action. Photo: Lorenz Huber for The Wall Street Journal
Anaylysis: China Tests New ‘Digital Currency’ That Replaces Cash (WSJ Video)
China is testing a digital yuan, aiming to accelerate the replacement of cash and increase state control in a society where digital payments via Wechat Pay and Alipay are already the norm. Here’s what Beijing’s new system looks like—and how it would work. Photo credit: Florence Lo/Reuters
Investments: Why ‘Bitcoin’ Is Soaring In Value (Video)
The price of bitcoin is skyrocketing, driving a rally of momentum trading that’s pushed its value higher than it’s ever been before. WSJ explains how bitcoin trading works, and why the volatile digital currency is reaching all-time highs. Illustration: Jacob Reynolds/WSJ
Boomers Daily 